Bitcoin prices continue to develop in a corrective manner and it should continue to do so most likely for the rest of the month. I have expanded the channel to include the swings as this can take several forms. The possibility of a double Zigzag is very much alive , along with that of a larger triangle or even a flat . My stance is neutral for now with a slight bearish tone as I watch the swings unfold with real direction. Above 12,500 people might get excited but a swing B or X wave can trap most only to reverse, so my caution levels are high and I am using these moments to practice counting rather then be aggressive with my money. At this juncture i would not mind missing any swings. It's summer and its a perfect time for markets to do nothing. As a famous trader/analyst once said "If you can't count it, don't trade it ".
Check my Videos on you tube under "cryptocowboy" account, for a more detailed explanation of where we are in the wave counts.
I remind you , Our telegram channel "cowboy crypto markets" 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 my Videos on you tube under "cryptocowboy" account, for a more detailed explanation of where we are in the wave counts.
I remind you , Our telegram channel "cowboy crypto markets" 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.