#Bitcoin 4h chart update! 06/12/19 8:02 am EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin has been slowly climbing between parallel lines and it does "feel" like it wants to break higher. We need to get above 8145 to gain more trust into the advance towards D targets of the triangle. I don't brush off the other 2 scenarios yet but the lack of downside action is what triggers my concern. A larger C wave flat should have started by now. I have a feeling below 7700 the bears will lick their chops. I continue to be cautiously optimistic here for the further advance, but ready to bail if bitcoin starts acting silly.
I have recorded a brand new video just for Litecoin today on my you tube channel under cryptocowboy account.
I have opened 3 telegram channels focused on crypto, forex and commodities , where I will be updating more charts and more frequent analysis along with market commentary. Since i cannot post links here , if you want to join you can go to telegram and search for "cowboy forex markets" , "cowboy crypto markets" and "cowboy commodities markets" . They are free and we will focus only on elliot wave learning and discussions.
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