Bitcoin was in a corrective move today and still trying to toy with the 8950 level as i type. Most signs point towards a 4th wave correction following the latest ascent to 9400, and once that completes we can try again our chances to reach 10,000 mark. Below 8850 the market might get more jittery and unless we pull an expanded flat out of the hat , the prospects of making new highs will start to diminish for a while. A 4th wave triangle can still happen if we stay above 8850. Bigger picture we are still considering this as being either the 5th wave of larger 3rd in progress or the 5th wave of the lager 1. The implications are that we could be nearing some topping patterns but not until we complete the 5th wave structures. But let's get there first.
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.
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.