BTC chart (10.4.2019)

Hi traders, in few past days we had generally slow growth on Bitcoin. I still believe that we will retrace in the near future. I think Bitcoin is now making bear flag top on the 4h chart as you can see below.

Bitcoin chart – triangle

On this chart, you can also see the same Elliot wave count that I showed days ago. This triangle that is on the chart can also break up and make a channel. If that happens it can go down or up but probably we will need more time to see that. On the chart below, you can see how I see the channel that may happen.

Bitcoin chart – channel

I wish you all guys very profitable trading. If you need any help or you would like to contact me, just shoot me an email to trading@tompadik.cz.

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