Update: 11.4k Fibonacci retracement
Updated
As predicted, BTC bounced perfectly off of the 0.382 fib. Now to resettle in the uptrend channel and attempt again. This time BTC should break the 11.4k limit in order to continue uptrend coinciding with Elliot Waves.
Trade active
200 dollars away from testing 0.382 Fibonacci.. To clarify, 11.4k is actually slightly below 11.4k as seen in the Fib overlay (11355 dollar).
Small question is whether or not the first "test" was actually a test, it reached just short in the 11355 dollar. I would count it, but let's see how the second test goes!
Trade closed: target reached
First stop fib retracement broken, BTC bullish AF.New target, 12.1k
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