Bitcoin is rallying here in the Asian session and continues to search for a wave C top after the breakout of wave B triangle. Between 13,000 and 13,300 lies a zone of resistance , basically a combination of fib zones from standard flat pullbacks to fib relations within the legs, so I expect a good fight will be given there. The alternate wxy count is posted as well because this could be an X wave although a bit elevated. A climb to new highs doesn't mean we're out of the woods from shorts because we could be in a running flat for now or triangle as long as we can trace out 3 waves. I repeat, I have still question marks regarding this correction so I keep an elevated level of scrutiny. If the market decides to keep on running so be it, we will deal with what's at hand, but if we stall and you notice a 5 wave decline from an eventual top , get ready because the drop will be swift and aggressive. I remain neutral and continue to respect the fight that happens here until its being exhausted.
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.