Bitcoin Daily chart update! 08/28/19 7:50 pm EST

Bitcoin cracked a little today sending some early signals of a continuation of the proposed correction since mentioned on the June 27 update . The idea remains that of a complex pullback in a wave 4 or 2 of larger degree, followed by an aggressive rally to new highs. Not posted on this chart but rather in our regular Telegram updates , we have the time ratios traveled in waves 2 or 4 and some important junctures coming in around sept 8-9 ( something to keep an eye on for a possible end to this corrective structure). I want to stress however that in elliot wave analysis time comes last , following patterns and price. Area of a previous wave 4 of lesser degree comes in around 7,500 where some other fib projection and channel lines can be found. It is up to the market now to show us its hand so we can prepare ourselves accordingly. Crypto space overall is weak and continues to follow the corrective patterns in their own systems. This will provide opportunity.

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 !
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