#Bitcoin daily chart update! 06/30/2019 11:55 PM EST

Bitcoin has been mostly sideways over the weekend and to be honest i was expecting a bit more selloff after the sharp reversal on thursday last week. If this is just a wave 2 consolidation before we resume in a 3rd wave selloff remains to be seen, but the initial signs are pointing mostly towards another sideaways correction in what might be just another wave 4. 10,000 level should now be defended but a close below it will most likely deepen this correction. We have 2 levels that we bounce in between for now, 10,300 low-side and 12,300 topside. At this point waters are muddy so I would not rush to speculate on the next moves , is better to let the market sort itself out. If this correction is to continue as 4 and match the wave 2 from february it will more then likely not end tomorrow, or the day after or even the week after , if its a wave 2 then it could be even longer, so I would continue to watch for 5 waves and 3 waves moves and slowly assign labels to them without forcing myself into a corner. The idea here is remain open, trade very small or not at all , save capital for when coast becomes clear again. July is beginning .
I remind you , Our free telegram channels - search -- "cowboy crypto markets" and "cowboy crypto room" grow fast and we discuss/present more detailed updates and lower time frame charts. If you want to learn about the Elliot wave principle , it's a good place to get live market info and familiarize yourself with the wave counting process.