has traveled towards 9500 since the last update, pretty much taking away the bullish
view exposed on the blue counts previously. This triggers now the extended correction in what we have as and WXY with Y leg being in progress as an abc
. Of that abc
, we are working the wave A at this moment. As i have said in my video presentation to the telegram group and on the new you tube video , it would take a move above 11,500 to get me excited on the bullish
side. Until then we will follow these progressions and see how they unfold. The good news for the bulls is that at the end of this complex correction that could take another month or so, we should embark on a nice impulsive leg upwards. Will be watching for such signs as they appear. Until then , I will continue to stay neutral with a bearish
tilt following the wave counts.
New Video recorded for the Telegram group this morning.
My telegram channel "COWBOY CRYPTO MARKETS" and our crypto room "COWBOY CRYPTO ROOM" discusses more detailed updates and lower time frame charts. If you want to learn more about Elliot wave
, it's a good place to get live market info and familiarize yourself with the wave counting process. Just go telegram and search in the search-bar the mentioned names. The traders there have been learning the ropes of this methodology very quickly by being exposed to regular updates and explanations of different wave counts !
You Tube "cryptocowboy"