Boon2

BTCUSD H1 ABC Structures.H1

Long
Boon2 Updated   
BITSTAMP:BTCUSD   Bitcoin
My previous Idea I was looking for 5 up on the H1 but instead we only got the 5 up on M30. There is the possibility of bull hidden divergence on the H1 but it's not confirmed and the downside after TL break is to impulsive to me to be a correction for the Z up.

H1 I'm looking at a larger B wave before we get the C up, something like pictured as a simple ABC but what the corrective structure will end up to become is anyone's guess at this stage.

D1 Idea, Check it out to get the complete picture thank's!

Checkout my previous H1 Idea and updates for a more complete explanation! (link in related Ideas)

Good luck and trade safe!

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Comment:
Choppy price action generally means more downside so even though I still think we will get the H1 C wave up the larger impulse is to the downside. I will update this idea once I see a potential buy setup.
H1 Chart.

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