- Elliott Impuls Waves
- Elliott Correction Waves
- RSI Divergence
- Ichimoku Cloud Breach
- Resistance & Support zones
- Fibonacci retracement
The bull trap can only be avoided if the 50% fibonacci is reached with a 5th Impulse wave at best. This means a RSI divergence can be found for a correction wave near the previous retracements. Bitcoin needs more liquidity to fuel next Impulse Waves, otherwise the correction can go to $10K or lower.
