Bitcoin demolished the 10k , went up thru the top line of the trending channel and seems to have enough fuel to keep going still. This is the time and type of trend where heroes will show up to score fake internet points, look for top and say "i am calling it", while the market climbs higher and laughs in their face yet again making a new "top". How do i know that? Because i have done it. however, I digress. The trend remains up and whatever wave we are in , a 3rd, an extended 5th , or a 1st of a larger series, it will complete when it wants. If you enjoy being long , trail your stops under key market levels, and if you want to short wait for a top to form first and as one experienced trader once said " The market doesn’t go trend up to trend down overnight. No need to chase stuff because Twitter Bob shows a chart and says he nailed the monster short. Wait for the obvious stuff. If trend changes to down it will prove itself. Why guess, unless you're feeling small at the water cooler." (@canny4) . The 12,200 area shows some fib projections that might get hit, but for now i have placed the higher 3,4 and 5's randomly as for a right look structure and let the market do its thing. The ones that help you make the count are the corrections and until you get those , you can only guess and try to project price points based on fib extensions.
For more explanation of my counts and the levels we're watching and targeting visit my you tube channel "cryptocowboy" , i posted a new video yesterday.
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.
For more explanation of my counts and the levels we're watching and targeting visit my you tube channel "cryptocowboy" , i posted a new video yesterday.
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.