#Bitcoin 4h chart update ! 05/13/19 7:58 am EST

Short period of consolidation over the last few sessions followed by an advance here near term as bitcoin is trying to find balance after the strong run. I continue to favor a wave 4 correction for now, but will respect the market if it decides to keep on running. I am starting to become cautious however on the approach of a wave 5 and be mindful of the follow up correction. 6668 and 6350 remain my levels to watch on the downside . The uptrend remains in place as long as the price stays within the trending channel and would monitor the channel lines for good entries to join the trend. See my previous update comments as well.