Bitcoin decided to send some juice through the wires and is advancing as i type towards 8400 zone. We will be approaching .618 retrace fib zone of previous leg so let's be on the lookout for any selling up there. Next is 8700 area of defense. If this is indeed wave D of the triangle we need to return to earth in wave E , which as you know can be a triangle on its own and god help us if that happens because we will be chopped around some more. Isn't it more easy when markets move ? The issue is they don't most of the time so we gotta get good at waiting. Anyway, i digress, if market keeps going thru 9000, we will need to relabel the so-called triangle and get ready for a 5th wave up, which is tricky on its own because it can be quick and terminal. If you trade, my advice is to keep your stops at key levels and let the market do its thing. you have no control over it.
New BITCOIN VIDEO yesterday on my you tube channel under cryptocowboy account, where i run thru the internals of the wave counts.
I have opened 3 telegram channels focused on crypto, forex and commodities , where I will be updating more charts and more frequent analysis along with market commentary. Since i cannot post links here , if you want to join you can go to telegram and search for "cowboy forex markets" , "cowboy crypto markets" and "cowboy commodities markets" . They are free and we will focus only on elliot wave learning and discussions.
New BITCOIN VIDEO yesterday on my you tube channel under cryptocowboy account, where i run thru the internals of the wave counts.
I have opened 3 telegram channels focused on crypto, forex and commodities , where I will be updating more charts and more frequent analysis along with market commentary. Since i cannot post links here , if you want to join you can go to telegram and search for "cowboy forex markets" , "cowboy crypto markets" and "cowboy commodities markets" . They are free and we will focus only on elliot wave learning and discussions.