Boon2
Short

BTCUSD H4 Running Flat In Wave X.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
My last BTC H4 Idea I was looking for a correction in wave X before we get the Z up. I mentioned it was to early to determine what that structure would be but now the top of wave Y was broken I'm looking at either a running or expanding flat.

H1 you can look for sell setup's for the internal H4 wave C down.

Be sure to checkout the W1 and D1 idea's so you get my complete picture!
BTC D1 Wave C up, Running or Expanding flat.

BTCUSD W1 Basic EW ABC Correction.

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Jun 04
Comment: If you took the H1 sell move to BE, 1st targeting the 100fib.
Jun 16
Comment: Ok so the running flat as forecasted in this idea has played out and we have got the H4 Z up, I dare say we will get the bearish divergence as well. Wave Z may not be over and price can push higher. if your looking for the short for the W1 wave C down you will need to be patient and wait for the a sell signal.
H4 Chart
Jun 19
Comment: This is a quick update of the H1 chart showing the H4 Z up may not be over, H1 we have a possible bull running flat, experienced trader's can look for the buy but I feel the upside is becoming limited. I'm more interested in the short while price is up at these levels as we have signs of bear divergence forming on the H4.
H1 Chart
Jun 20
Comment: In my last update I was looking at the H1 running flat for more upside, price broke the high and now we are getting bear divergence on the H1 and the H4.
Start looking for shorts.
H1 Chart

Comments

yeah. Fib lines are very good for S&P. Keep up the good work.
Reply
Boon2 playingnew
@playingnew, Cheers, fib's are a good tool one can use to project target's and retracements, which fib level price will react to is the question that's where price action play's it's part.
Reply
Are u saying 8500 and now 2k or possible 9500 then 2k area??
Reply
Bullion_Money Bullion_Money
@Boon2 the daily ad wk ur sauing 9k to 2k
But on 1hr 4hr u say 8500 to 6500.
Do i got that right?
Reply
Boon2 Bullion_Money
@Bullion_Money, the D1 has hit the 100fib but there's no confirmation wave C up is over. I have it as a running flat on the D1 idea as that's the 1st structure it can be but it can easily turn into the expanding flat. No one knows where wave C will end.

On H4 if we get the running flat once the structure is over then I can use the fib to give an estimation of how high wave Z may go. (usually 1st TP I use is break of the high with 2nd TP the 161.8fib extention.
+1 Reply
@Boon2, Thank you dor takeing the time to explaining in detail to me i greatly appreciate it. You take care.
+1 Reply
Boon2 Bullion_Money
@Bullion_Money, At this stage I'm looking for the H1 wave C down sell to just below the 7k (100fib) for a H4 running flat. Price can go lower than that for an expanding flat, no one knows how low wave C down will go so if you get the H1 or lower time frame sell you can take it and move it to BE. TP when you get a buy signal for the H4 Z up.
+1 Reply
@Boon2, Thank you dor takeing the time to explaining in detail to me i greatly appreciate it. You take care.
+1 Reply
Boon2 Bullion_Money
@Bullion_Money, Your welcome.
Reply
Thank you Boon, much appreciated.
Reply
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