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Boon2
May 17, 2019 10:34 AM

BTCUSD H4 Correction Down. Short

Bitcoin / U.S. dollarBitstamp

Description

H4 I see 3 up with no bearish divergence so I'm expecting a correction in the X before we get the Z up completing the D1 C up (see D1 idea). I expect price to be choppy for the next couple of months while the correction builds a corrective structure. What the corrective structure will end up becoming is anyone guess at this stage.

H1 We have an impulse down, you can look for bear flags for sell opportunities but can be quite risky trading choppy conditions like I'm expecting. Trade with care.

Be sure to checkout the W1 and D1 idea's so you get my complete picture!
BTC D1 Wave C up, Running or Expanding flat.


BTCUSD W1 Basic EW ABC Correction.


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Comment

BTC H1 Chart. Correction may become a little complex, something to be aware of but look for the sell setups.

Comment

H4 wave X I'm currently looking at it as either running or expanding flat.

Comment

H1 you may wish to consider the short scalp if you get the setup.
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