#Bitcoin 12h chart update! 10/4/19 8:15 am EST

#Bitcoin 12h chart update! 10/4/19 8:15 am EST
Bitcoin / Dollar BITFINEX:BTCUSD
cryptcowboy

The price of bitcoin is hanging around 8000. We are looking for confirmation that the overall WXY correction is over by keeping an eye on 7700 lows to see if remains defended. A move below 7900 would create doubt that is still the case. If the pullback from 8500 stays in 3 waves as it appears to be so far then we should stage a rally towards 9000 next. A clear rise in 5 waves will strongly indicate that we could be in the next phase of the advance, but we need to get above 11k to get the engines warm. I am cautious here and remain neutral until we get more evidence of a growing buy interest.


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