FloppinFish

BTC Corrective Wave. Aka Bull Trap.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC found a nice support at 30.8K Currently what's taking place is a correctional Elliot wave . Leg A is starting and should end at .5 Fib. Hopefully Leg C ends at .618 level. Then It comes down to retest 30K. My next levels down are 28.5K and 25K . Good luck and trade safe!

Comments

Glad to see some EWT on here. Looks good my man. Leg C rejects 37000 demand zone and 0.618 confluence. Just a dead cat bounce before we try 25000 and possibly 1.618 extension of your chart here at 23500. Good analysis
+1 Reply
FloppinFish BullRider802
@BullRider802, Thank you sir! Agreed with your sediment!
Reply
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