BitcoinLong
Could it be
Starting to feel like this could be a trend reversal. Use your reversal FIB chart. Bouncing off the 236 like a hammer. This would mean the end of the previous wave 5 down was the second test of the February lows and it held. Making this the second test HOLDS and a retreat from the downtrend.
I've seen a lot of people try and put the WXYZ into a 4th and 5th wave move, but that doesn't work. This is a Trend reversal, even if short lived, it's just that a reversal, It's not a Impulsive move. So you can't fit that into an Elliott Wave.
The Trend could roll over and continue down, but it's worth a trade to try and catch the bottom. I set my STOP just under the 236 Fib line. This is what I do, You do what you do, Don't do what I do.
Peace.
I've seen a lot of people try and put the WXYZ into a 4th and 5th wave move, but that doesn't work. This is a Trend reversal, even if short lived, it's just that a reversal, It's not a Impulsive move. So you can't fit that into an Elliott Wave.
The Trend could roll over and continue down, but it's worth a trade to try and catch the bottom. I set my STOP just under the 236 Fib line. This is what I do, You do what you do, Don't do what I do.
Peace.
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