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Boon2
Oct 16, 2018 6:33 AM

BTCUSD M15 short scalp Short

Bitcoin / U.S. dollarBitstamp

Description

H4 looking like a bear running flat (not confirmed), H1 we had TL break and price come right back down under TL, this is a good indication of flat on higher TF

M15 looks like we are getting expanding flat for more downside, wait for TL break and flag on lower TF to confirm more downside

Comment

Getting Tl break, Wait for flag on lower TF before selling, update on 100fib

Comment

Looks like we might be getting nice flag, I don't want to see price go above broken TL. be patient and wait for confirmation

Comment

Got the flag, bounced off 100fib, wait for break

Comment

We got flag TL break and price went straight back above it taking out the conservative stops, now were getting a structure with expanding flat in wave B making things more difficult because we don't know where C will end. When this happens it's usually only a corrective ABC down reducing our TP

Comment

BE trade
Comments
Boon2
Add spread for SL
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