cryptcowboy

#Bitcoin 4h chart update! 05/01/19 7:15 am EST

BITFINEX:BTCUSD   Bitcoin
Small range overnight doesn't bring a whole lot of news to the picture so we need to wait for the market to show its hand. A decisive break of 5690 zone should bring fresh additional buying. I am still considerate of a larger 4th wave unfolding and suggest caution at this levels. Market has a way to get us excited , only to fall back into monotony quite often. The 1,2 scenario hasn't been invalidated yet but this slow creeping higher has me worried a bit as i would like to see more conviction. It's the beggining of a new month and since the previous was closed bullish, i would continue to look for opportunities to get to the long side once these corrections have run their course.
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