D1 We don't have any bearish divergence.
I think it's very important to look at my previous H4 idea and all the update's to get my complete prospective and to the reason why I haven't put a BTC idea out for a while (I'll put the link in the related ideas below)
H4 I think were in a complex correction due the the choppy price action and it's difficult to trade this environment especially for the inexperienced trader's therefore I would only recommend trading the internal C up to complete the X at this stage.
There is a few structure's that the X can evolve into at this stage, first off it could be a regular flat and wave W low doesn't get broken, secondly which is most likely in my opinion is the running flat and thirdly is the expanding flat, either way I'm looking to buy the internal C up to complete the X. One important thing must happen before I would consider trading this and that is price must complete the current internal structure with price breaking below the the red line to put it simply.
Once price break's below the red line the safest buy option is to wait until H4 TL is broken and bull flag on the lower timeframe's. Once the internal B wave is complete you can draw a fib expansion targeting the 100fib.
D1 I'm still waiting on more data before I can put out a new D1 idea, here is my last D1 idea for you to checkout!
W1 Longer term idea I'm still expecting the structure to be completed, Checkout the idea and all the updates for the complete picture thank's.
Good luck and trade safe!
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I think it's very important to look at my previous H4 idea and all the update's to get my complete prospective and to the reason why I haven't put a BTC idea out for a while (I'll put the link in the related ideas below)
H4 I think were in a complex correction due the the choppy price action and it's difficult to trade this environment especially for the inexperienced trader's therefore I would only recommend trading the internal C up to complete the X at this stage.
There is a few structure's that the X can evolve into at this stage, first off it could be a regular flat and wave W low doesn't get broken, secondly which is most likely in my opinion is the running flat and thirdly is the expanding flat, either way I'm looking to buy the internal C up to complete the X. One important thing must happen before I would consider trading this and that is price must complete the current internal structure with price breaking below the the red line to put it simply.
Once price break's below the red line the safest buy option is to wait until H4 TL is broken and bull flag on the lower timeframe's. Once the internal B wave is complete you can draw a fib expansion targeting the 100fib.
D1 I'm still waiting on more data before I can put out a new D1 idea, here is my last D1 idea for you to checkout!
W1 Longer term idea I'm still expecting the structure to be completed, Checkout the idea and all the updates for the complete picture thank's.
Good luck and trade safe!
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, share and hit the thumbs up now so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
H1 We never got the bull flag to buy and price has broken below the H1 invalidation point, therefore I'm looking at it as a possible bear running or expanding flat for more downside pushing price under the H4 red line that I'm looking to be broken in the detail's of this idea.
This is how I'm currently looking at the H1 chart
This is how I'm currently looking at the H1 chart
Comment:
H4 The Internal ABC in wave B price has hit the 100fib as seen on Idea.
M15 Were getting bull flag, It could be just a M15 C up or it could be the start of the H4 impulse up.
Look for your buy setups against the invalidation point, move to BE and see how price reacts at the M15 100fib
If invalidation point gets broken before the buy signal leave it alone as we will then more than likely get more downside
M15 Chart
Good luck and trade with care!
M15 Were getting bull flag, It could be just a M15 C up or it could be the start of the H4 impulse up.
Look for your buy setups against the invalidation point, move to BE and see how price reacts at the M15 100fib
If invalidation point gets broken before the buy signal leave it alone as we will then more than likely get more downside
M15 Chart
Comment:
Just a quick update on BTC. My last update price broke below the invalidation point before breaking the flag so there was no trade.
Now on H1 were seeing price going sideways, we don't have a bull flag but more of a impulse up and a correction so caution is needed if your looking to buy the break. Because I'm looking at it as a correction and not a flag I would suggest moving to BE ASAP and taking half off at the 100fib and let the rest run in case this is the start of the H4 C up i'm looking for.
If price breaks below the invalidation point before breaking TL leave it alone as it will more than likely become a bearish running flat for more downside.
H1 chart.
Trade with care
Now on H1 were seeing price going sideways, we don't have a bull flag but more of a impulse up and a correction so caution is needed if your looking to buy the break. Because I'm looking at it as a correction and not a flag I would suggest moving to BE ASAP and taking half off at the 100fib and let the rest run in case this is the start of the H4 C up i'm looking for.
If price breaks below the invalidation point before breaking TL leave it alone as it will more than likely become a bearish running flat for more downside.
H1 chart.
Comment:
H1 We got the TL break, The correction was very deep and the 100fib has been adjusted. If you took the break you should at minimum move to BE at the 100fib.
H1 Chart
M15 If your not in the trade it looks like were getting either a running flat or expanding flat correction, you can either place buy stop just above the high or go down to lower TF and take the TL break.
M15 Chart
H1 Chart
M15 If your not in the trade it looks like were getting either a running flat or expanding flat correction, you can either place buy stop just above the high or go down to lower TF and take the TL break.
M15 Chart
Comment:
BTCUSD M15 Wave C Up. Checkout the Idea detail's thank's!
You can wait for the flag to build on M15 and take the break or put a buy limit just above the flag 1st targeting the 100fib
Good luck and trade safe!