BitcoinLong
#Bitcoin 4h chart update ! 05/02/19 7:25 am EST
Bitcoin has punched thru the 5690 level on bitfinex and i won't argue with it. It seems that we can start tracing a lethargic 5 wave up on smaller time frames and if it wants to correct in 3 waves so be it but i won't argue if it doesn't. The breakout level should become support and 5570 would be next line of defense. As i have mentioned in my youtube video (cryptocowboy account ) a 4th wave running flat or expanded flat is not out of the question yet but i'll keep that on the back burner until we see more evidence for it. For now i am watching to see if we can pick up any steam and how committed this market is to the upside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.