#Bitcoin 4h chart update! 06/03/19 7:50 am EST

We haven't strayed far since the last update. It seems bitcoin is struggling to find direction and is still correcting the long fought battle that got it to 9100. I have mixed feelings here as I am waiting for the market to tell us if there is some juice left in this ascent or if we need to come down for another bottle of oxygen. The primary count seems to suggest there is another push higher to complete 5 waves , but the 4th wave seems to be morphing into something more complex, from a possible running triangle to maybe a flat . 7878 remains a decisive level and that would be the end of wave E of the previous triangle, under which the counts start to change and we need to allow for more corrective price action. A boost higher from here and above 8800 would suggest the correction is most likely over and we go visit new highs. I want to briefly mention a quick look at the weekly candle that just closed which shows a clear pause and indecision in prices after 4 weeks of solid but decreasing buying. The story is yet to be told , but the takeaway is thread lightly up here , have your guard up and let the market come up with an answer.