Bitcoin continues the ascent and it still looks like we have no complete structures just yet. After we broke out of the triangle or the flat correction, we have a series of 1,2's that need to be fulfilled before a top is being established. 10,000 seems to be an attractive target and a 5 wave move into that zone could be sufficient to have a completed structure. However on a bullish trend we have to be aware of multiple scenarios and check the strength of the advance before calling things done. Weekly charts have a nice engulfing bullish candle and things could just get started on the upside. Below 8858 things will change a bit and we will focus on a larger wave 4 of 5 for the latest advance. To summarize, the bullish outlook remains valid and I would continue to trail stops below key support levels.
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.