#Bitcoin 4h chart update! 06/24/19 7:18 am EST

Bitcoin touched 11370 over the weekend continuing to act with bullish tone even after a quite solid run so far. The pullbacks are shallow for now and if you zoom out the trend is healthy and intact. Counting the subdivisions here as they develop is a bit challenging and I need the market to prove me first that some sort of top is at hand by correcting a bit more aggressive and that is not happening just yet. So I will respect the higher trend until then and continue to look for new highs. In case this is still a 3rd larger wave , 12,100 is the 423.6 fib multiple of wave 1 and in case this is near the top of the primary wave 1 instead , then 12,300 is the fib cluster zone that would make that attractive. Either way we could be near a point where the market needs to make a decision of where to rest for a while and let other people on board. If it doesn't want to do that i am perfectly fine , it will make the elliotician's job a bit more difficult but what's new there :). Let's see how things unfold this week , the candles on that timframe remain as solid as ever no meaningful correction happens without a hint from that timeframe.
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.