#Bitcoin 4h chart update! 08/19/19 8:50 am EST

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
208 0
Bitcoin bounced over the weekend but still hasn't managed to climb above 11,500 and get me excited for the long side. This could just be the B leg of the anticipated abc correction of the Y leg and a dip below 9800 would start to reinforce that view. We saw some rallies across cryptos as well but i am still skeptical at this point. Quite a bit of overlapping in this latest bitcoin advance and that still smells corrective. I am excited to see this correction complete sooner rather then later so we can embark in the next impulsive leg to the upside. But we might need to be a bit more patient. And if not, the market should show us that quite convincingly.

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 !
on You Tube search "cryptocowboy" .
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