Short term BTCUSDT using fib, elliot and former resist & support

both main targets for elliot wave 5 found by fib extension located in the same area (wave 1 = wave 5 / 62 fib ext of wave 1-3), plus this is exactly the 0.5 fib retracement of the former heavy down impulse wave that kissed the temporary bottom at 6K. Since this is wave 5 of the recent uptrend you can prepare for a bigger ABC correction afterwards

trade at your own risk, this is just an idea.

评论:

This was a strange correction since it didn't took a real dive. But it was claerly an ABC with a weak A and high volume B