Long

#Bitcoin 4h chart update! 06/26/19 7:58 am EST

Price of bitcoin got very close to 13k overnight and as all my readers know we constantly continued to call for higher levels as per the wave principle so I will take a well deserved victory lap up here if you don't mind. I also know that when you do that the market gods will slap you around to show who's boss. I will continue to respect this trend until its over and be long at the top. Have your stops below key levels and let the market decide where the top is. Speaking of that, we are approaching yet again some key fib levels in wave 5 projections. I talk about those a lot in my open telegram channel "cowboy-crypto markets" so i won't go into a lot of detail here, but the idea is that these levels should provide some sort of ceiling on the advance. However, the trend remains up and strong and any lines we place on the chart are valid until they aren't so be aware of that. I know the temptation to short is very high among traders when they see these moves , but unless the market comes down in 5 waves first to confirm a top, you don't really have a lot to go by at least in my book. A correction will come and when it does will follow it down based on Elliot rules and try to take advantage of that. Until then keep an eye on 11,500 and 10,780 . On the topside once we pass 12,900 , 13,500 area is where the next battle happens.
Again, Our telegram channel "cowboy crypto markets" 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.

cryptcowboy

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cryptcowboy