BTCUSDT has shown a strong bounce in 61.8 fibonnaci level.
This might also indicate that correction wave B is already in.
Thus it is probable that BTCUSDT now is on the way to wave C.
Final target at 51k, partial profit target at 41k and 45k.
SL below 61.8 fibonnaci indicating that my elliot wave theory is invalid.
Additional Point: Retail sentiment now is Bearish, it is favorable to go against retail and go long!
This might also indicate that correction wave B is already in.
Thus it is probable that BTCUSDT now is on the way to wave C.
Final target at 51k, partial profit target at 41k and 45k.
SL below 61.8 fibonnaci indicating that my elliot wave theory is invalid.
Additional Point: Retail sentiment now is Bearish, it is favorable to go against retail and go long!