#Bitcoin daily chart update! 12/02/19 11:25 pm EST

The price of bitcoin stagnates around 7400 without giving me enough impulsive evidence that we're off the low end. I would like to see a climb above 8000 level in a clear 5 wave pattern and ideally above the 9500 zone where the 200 sma currently resides. At the moment we are vulnerable for another low to possibly complete wave C of Y of 2. Like i said , if this wave pattern is indeed complete, the market needs to prove it and is not doing it just yet. I will continue to be patient here and wait for signs of strength, because once they come the 3rd wave should be unleashed and there will be plenty of good, solid setups to take advantage of. Until then, waiting like a sniper . Trade well.
See the links below for more info, detailed lower time frame charts, ideas and opportunities in crypto and other markets, along with Elliot Wave learning .

Commentaire:

good time to revisit the latest YT video starting at minute 13.50 where i talk about the pink count structure and how it was setting up.

Commentaire:

Visit the YT link below for a brand new video just posted !