cryptcowboy

#Bitcoin 4h chart update! 08/01/19 7:50 am EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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A new month, a new adventure for bitcoin in elliot wave land. I love this analysis because it is like a game of chess, where you constantly need to plan and adjust based on what the opponent does. To me it is the ultimate challenge where your skills of attack and defense are always scrutinized by the market, so you have to be on guard all the time.
Bitcoin has toyed with 10,200 level but has yet to convincingly break above it. On the bullish stance we need to overtake this and start attacking 11,080 because until then bitcoin is still vulnerable to the alternate count where this is just an abc flat of the larger Y wave down, with C leg still to come. I am still looking for bitcoin to resume higher once this correction is over, the question remains m are we done with this as a flat, or are we still working into correcting as a complex move. So like in chess, we have our game plan , and now we wait for the market to make its move .

Our 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.
Nicely long view, mate.
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