Boon2

BTCUSD H1 Sell For The Larger Correction.

Short
BITSTAMP:BTCUSD   Bitcoin
H4 My 2nd TP was hit in the wave Z up so we have 5 up with bearish divergence and I'm now looking at the larger correction to the downside. Start looking for your sell setups on the H1 and lower timeframes targeting the H4 50fib. Checkout the H4 Idea to get the complete picture and the TP thanks.

H1 We have bearish divergence and a break of a bear flag, Look for sell setups against the invalidation point.

M30 We have 3 up and bearish divergence with a TL break.

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

Good luck and trade safe!

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