Bitcoin has pulled back per the suggested triangle scenario into the C wave. The depth of this wave is a little larger then what we would expect for a triangle leg but it is not invalid unless we drop below the 9,700 level. If that happens, then the wxy scenario kicks in and we will have to work with that going forward. A more complex correction could then follow. ( double combo). As mentioned in my previous journals , bitcoin remains corrective thru the month of july and possible even august. 12,400 would be some nice upside targets for a D leg.
Check out the videos on you tube under "cryptocowboy" account. Interesting stuff and counts explanation. Pls check it out.
I also remind you , 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.
Check out the videos on you tube under "cryptocowboy" account. Interesting stuff and counts explanation. Pls check it out.
I also remind you , 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.