Contrarianeyeview

BTCUSD: Longing the fib Extension - Elliot wave

Long
Contrarianeyeview Updated   
COINBASE:BTCUSD   Bitcoin
Micro trend outcomes for this trade, a break under upwards trend support will invalidate wave, High r.r with no close above micro 1.168
Trade active:
first fib level reached, great entry so I am moving my stop to break even or a tad profit with swing room to let it ride towards main zones.
Comment:
I.E: The 1.618 macro fib (always take profit on main fibs macro or htf frames.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.