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Short

Bitcoin Short Term Target : $3550?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.

Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.

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