Boon2

BTCUSD H4 Larger Correction Update.

Short
Boon2 Updated   
BITSTAMP:BTCUSD   Bitcoin
Nothing has really changed since my last H4 BTC idea (link below) other than price has push up a little higher in wave Z. I'm still expecting the Larger correction after wave Z is over completing D1 wave A.

Theres a number of corrective structures we could see in the D1 wave B. No one knows in advanced what the corrective structure will end up to become so I have just forecast for the simple ABC ZigZag , the most common EW structure.

M15 We have bearish divergence, impulse down and a bear flag forming which may be the start of the D1 wave B.

I'll update the idea as more data becomes available.

Good luck and trade safe!

If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!

Thank's to all the traders in advance that hit the thumbs for your support!
Trade closed: target reached:
BTC TP hit, wait for the next setup.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.