cryptcowboy

#Bitcoin 4H chart update ! 04/29/19 10:46 EST

BITFINEX:BTCUSD   Bitcoin
Price action remains sideways and the slight bullish tone we saw i the Asian session has weakened. If indeed the alternate count is a 1,2 bitcoin needs to get moving and there is no evidence of impulsive price action. The count that calls for a larger 4 blue becomes more apparent and in line with the weakness in the overall crypto. 5560 will be an upside trigger and on the lower end we have rising trend channel support. Wave 4's can morph into different interpretations and are not well suitable for trading . Capital preservation would be my primary suggestion until fog clears.
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