Elliot Analysis of Bitcoin and ETH
I don't think the picture looks good, I had taken profits from my long position, and the rest closed from the entry.
I am returning to my initial plan.
🔴BTC for 99, ETH for 2268 are good reversal points. I determined these using Fibonacci with Elliot, those are actually a kind of targets.
Since it has dropped a lot, I cannot take a short position, I will wait a bit and update the analysis based on the structures that form if given the opportunity. #Bitcoin