Elliott Wave experiment YFII/BTC

Long YFII/BTC

Elliott impulse wave, new to this trading technique.
Wave 1 found resistance at 0.236 fib level (damn that is nice), retraced and found support on previous resistance.
Decreasing volume in Wave 2
Wave 3 set to begin, watching 0.5 and 0.618 fib levels as targets.

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UPDATE:
Resistance level 0.307xx failed.
Stop not triggered yet, but weakening of the upward trend

Yorum:

Also strongly correlated with FYI/BTC, which is having a big red day so far