AppY-Crypto

ETH following bitcoin Elliot pattern?

שורט
BINANCE:ETHUSDT   Ethereum / TetherUS
Dear Traders,

Here I display a verified count using fibonacci ratio's and projections on ETH.
As we can observe, it is likely that ETH is going to follow BTC pattern. Which is forming an running/expanding flat.
this is one of the most sophisticated bull traps in trading. the RSI doesn't look powerfull and the volume indicator doesn't suggest a wave 5 is incoming.
This means that we probably moving in a corretive wave since previous top.

My idea is to short, around the 100% levels, with a hard stop to the 130% level of the wave A!

Wish you all the best of trading.
Best regards
AppY-Crypto

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