BTC/USD wave 4 terminus trading wave 5
Updated
BTC is finally done retracing wave 4 and it came as an expanded flat stopped on 0.382 fib level and now it's heading back to the upside to finish the final wave 5.
so now as usual I had the confirmation ;
4h= divergence between 3/5 of c and a big divergence of A/C daily, which gives a clear indication that bears are out of the market.
--loss of momentum and price action being rejected from that fib s/r zone
--and a strong engulfing blue candle
1h= now just waiting for the new structure to be broken and imma scale down to 15m for an entry
stops= bellow previous structure
target=0.618 of wave 1/3 red
so now as usual I had the confirmation ;
4h= divergence between 3/5 of c and a big divergence of A/C daily, which gives a clear indication that bears are out of the market.
--loss of momentum and price action being rejected from that fib s/r zone
--and a strong engulfing blue candle
1h= now just waiting for the new structure to be broken and imma scale down to 15m for an entry
stops= bellow previous structure
target=0.618 of wave 1/3 red
Trade closed: stop reached
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