Jimmy_Rebello

Bitcoin and elliott waves

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BINANCE:BTCUSDT   Bitcoin / TetherUS
QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target

Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it

So, we drew waves after the breakout of head and shoulder
as per textbook ratios the price tend to form accordingly

now price has reached it 3 impulse wave, we will wait for the pullback, which will be approximately 20100 level and the 4th wave that will be our buying zone

TRADING SETUP
buy around 20,000 around figure or at 20100 according to fib and wave lengths
stop loss should be around 19900
Target 1 = 20400 & Target 2 = 20700

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