How to use Fibonacci to capture short-term opportunities

This wave of market I have previously described as "blunt knife cutting meat", we clearly see november 5, the four cycles experienced: down - shock - rebound - then fall, this is a very typical "continuous decline" trend.
But in this trend, we can still find good opportunities. Look at the 1, 2, 3 in the figure, there is a rebound, the target bit is about 0.5 in Fibonacci.
If you look at the current trend, the rebound opportunity exists.

Tip: Trading in the digital money market, lack of fundamental analysis, more to see the technical pointer operation, and Fibonacci is a very widely used line-drawing technology, for many short-term traders, should be more studied.

Strategy: Short-term, if the price exceeds $8140, the target is around $8,300, which is the position of figure 4. There is about 2% room for growth. For spot trading, profits are low. So this trading strategy is more suitable for "contracts". Note that any trade must set stop loss, once not according to the predetermined trend, must be timely stop loss.