#Bitcoin 4h chart update! 09/05/19 9:55 pm EST
Bitcoin is trading in a narrow range slowly advancing towards the end of the 2 1/2 month correction . The interpretations here remain multiple and it makes the choice of one count over the other that much more difficult. In situations like this we simply have to wait it out and have the market give us signals that is ready to get something going . The way that happens is by watching the activity around key levels at larger time frames. A break above 11,600 will start warming the engines , while a break above 12,300 should get the full throttle going. On the downside we need to get below 9500 to reinforce the idea of a deeper move towards 7500 and a completion of the double three correction. We also have to deal with a possible triangle shown in blue dotted line , that can resume higher based on a bullish count , or lower based on a bearish one. This confuses traders that are looking for actionable counts. The issue here is that , there is no answer, because the market is figuring itself out, there are bullish and bearish forces battling out in a large consolidation and until it gets resolved there is no reason to beat yourself up and box the market into your way of thinking. As frustrating as it may be , keep your emotional capital intact and be ready to punch where the real moves will come. Otherwise you might be way to exhausted to pay attention.
JOIN ME on 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 ! Is the best place to learn to control emotions by watching videos and market explanations on the upcoming or past moves using elliot wave crowd psychology.
on You Tube search "cryptocowboy"
JOIN ME on 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 ! Is the best place to learn to control emotions by watching videos and market explanations on the upcoming or past moves using elliot wave crowd psychology.
on You Tube search "cryptocowboy"
Comment:
NEW Video posted in the Telegram room. update on latest developments !
Comment:
Bitcoin to 400,000 ? BACK TO THE FUTURE ! New Video posted on youtube , longer term analysis search Cryptocowboy
