And last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave...
These are the Fibonacci retracements I am watching for BTCUSD today :
N1: 34164
N2: 33192
Current intraday trend likely DOWN
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 5.618 (32054)
TP could be @ Fibo level 0 (36000)
Again these are just EXAMPLES ; these are the simpliest way to...
