cryptcowboy

cryptcowboy

Bitcoin dipped below 5406 , testing area once again only to bounce higher but not with conviction just yet. keeping 5250 as key support , higher levels should take us towards 5890 area where larger wave 5 would equal wave 1 at 100%. notice the corrective price channel boundaries on 4h. staying with the trend on this until market tells us otherwise.

cryptcowboy

Looking higher on daily towards wave equality 5 vs 1 at 5876 . That target seems to coincides with the top of the trending channel. 5250 remains key support and on a break below the bullish count will be in trouble until further price action develops. A break of 5690 will increase confidence in achieving the target.

cryptcowboy

Bitcoin has tested 5406 once again and that seems to hold for now, and while we did not completely invalidated our 1,2 green , this can subdivide into a 1,2 red and still keep the bullish view in place as long as 5250 support holds. a breach of 5406 level with conviction will start raising questions about the validity of the count but as long as 5250 remains...

cryptcowboy

Bitcoin has pulled back in a corrective way and while did not completely invalidated our 1,2 green , this can subdivide into a 1,2 red and still keep the bullish view in place as long as 5250 support holds. a breach of 5406 level with conviction will start raising questions about the validity of the count but as long as 5250 remains untouched we will look for...

cryptcowboy

Bitcoin pulling back but above working support 5487 , into what I consider an ongoing wave 3 of 5 advance. Under critical support top of wave 1 at 5406 , the count will become invalid . We almost achieved equality of wave 1 , but usually 3rd waves extend to 1.618 multiple of wave 1 which would be 5922.

cryptcowboy Updated 

wave 4 continuation still ongoing ?

cryptcowboy Updated 

Price is squeezing into the end of a triangle.

cryptcowboy

but this still seems as an uptrend to me. so i would look to buy pullbacks using elliot waves and keep an eye on the overall larger trend.

cryptcowboy

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cryptcowboy Updated 

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cryptcowboy Updated 

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cryptcowboy Updated 

Here is a wave count most of bulls wont like . I own etherum so i dont like it either. but keep head out of sand and consider alternate counts. s3.amazonaws.com

cryptcowboy

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cryptcowboy

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cryptcowboy

watching this massive triangle consolidation in litecoin . getting close to completion . s3.amazonaws.com

cryptcowboy Updated 

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