#Bitcoin 4h chart update! 05/28/19 8:25 am EST

Bitcoin has been sideaways for the past session consolidating the gains made on the latest run up. The thrust out of the triangle was vicious but it feels like we hit a concrete wall and we're still assessing the damage. The lack of upwards continuation is somewhat concerning but there is no clear evidence that its finished so we have to wait for the market to take back below the 8360 level before securing at least a temporary top. The trend remains up and with little hovering skepticism, i would say making another high won't be surprising. The moves so far are corrective on lower time frames and an attack of 8900 should weaken the topside again. I have to caution against a wave 4 not being complete yet and a fast drop towards 6700 won;t make me change my mind on the overall direction. I have to be realistic tho and keep alternates open. In the end trading with a blind optimism can set you back for a lengthy recovery , always keep key levels in mind and bail out if your trading plan says so.