I know many traders are yielding for Bull now but it's hard for me to take Bitcoin seriously with this amount of volume.
Using ElliotWave & fibonacci count, I also notice that we've just had a perfect A-B-C correction from the 1st wave, wave C will very likely to hit the golden zone ( 9300$ - 9400$ )
So the play right here is fairly simple, short above 9300, stop loss above 9450, target is undetermined because we may have a C wave or a 3rd wave down so that I need more data to decide.
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Short: 9350
Stop loss: 9450
1st target: 8500
2nd target: undetermined
1/8.5 risk/reward ratio.
Using ElliotWave & fibonacci count, I also notice that we've just had a perfect A-B-C correction from the 1st wave, wave C will very likely to hit the golden zone ( 9300$ - 9400$ )
So the play right here is fairly simple, short above 9300, stop loss above 9450, target is undetermined because we may have a C wave or a 3rd wave down so that I need more data to decide.
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Short: 9350
Stop loss: 9450
1st target: 8500
2nd target: undetermined
1/8.5 risk/reward ratio.