#BTC Update
Here's the Elliot waves for BTC. We're done with 5 Waves and now having ABC Correction.
If we lose the $9800 support, we're dropping to $9200 zones which can act as a strong support. The Last zone i'm looking at is $8300 areas, If we reach there this might be the end of ABC Correction.
I'll be bullish again if we goto $11k areas again and daily candle closes above, That would mean this was a trap for Both longs and shorts. But my main scenario is the bearish one.
Here's the Elliot waves for BTC. We're done with 5 Waves and now having ABC Correction.
If we lose the $9800 support, we're dropping to $9200 zones which can act as a strong support. The Last zone i'm looking at is $8300 areas, If we reach there this might be the end of ABC Correction.
I'll be bullish again if we goto $11k areas again and daily candle closes above, That would mean this was a trap for Both longs and shorts. But my main scenario is the bearish one.
Trade active:
Target 1 Reached