#Bitcoin 4h chart update ! 05/15/19 4:54 pm EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Slight bullish tone on btc but no new high have been made at the time of this writing. I might speak too soon , but in lower time frames i think i notice an ending diagonal on this latest attempt to break higher where a final 5th wave would terminate. A drop below 7825 followed by 7580 would bring the market more in line with my count. But the price is the only thing that matters and the trend is up. My yellow flags are beginning to wave as this is the longest trend pause in about 10 days. Again this is not a recommendation to short but rather respect the trend and look for opportunities to join on the pullbacks. Markets have a way of putting traders in uncomfortable positions by going sideways at elevated levels in an uptrend. The trend channel is alive and well. Let's see what asian session brings .
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