Bearish bat pattern has been complete form on ETH/BTC TF 4H. Bearish bat correction between 0.382 - 0.618 fibonacci level. But i consider correction on 0.382 fibonacci level because on previous daily candle has form marubozu. Correction on 0.382 fibonacci level will completed fourth wave elliot. Fourth elliot wave support with STOC RSI DEADCROSS.
If the scenario...
Bearish bat ETH/BTC TF 4H complete...
Correction between 0.382 to 0.618 fibonacci retracement, but i am consider to 0.382 level because ETH/BTC form marubozu at previous day, and still make bullish trend. the 0.382 correction valid as fourth wave of elliot. If elliot valid the price will bounce to the next higher price (Wave Fifth)
