Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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after having our impulsive move up from8k to 8.8k we got our ABc correction and tapped the 0.618 FIB Zone and failed to make any impulses so we can assume that the abc was a W and we know that W can be a flat correction or a zig-zag. We got our X wave up perfectly made a 3 wave move so we can assume that this is corrective and now currently are in a Y wave which i think is going to be a triangle and We will see something like this playing out. LONG AT 8.3K and place your stop just below 8200