We are entering C wave of a ABC correction coming off a 5 wave
Wave Count was a quick one plus wave 1 is self corrected due to liquidation run that appeared on bitmex only, correlated with BITFINEX wave 1 would of ended at current placement if it wasn't for liq run from other products on bitmex
Two up trends blocked at the same height forming a double top and letting us know thats a supply zone
1. Put a trend line from the bottom of the last green candle before it breaks into the downtrend ( both tops)
Creating your self a little zone,
Place Short on the top of the 1st candle's trendline and in the upper quartile of the zone that you've created,
I...
We are currently sitting on the 4 wave entering into the 5th
Wave 4 wicked into Wave 1, Elliot wave theory is still in placement
Target is 1.618 fib extension or 6710
