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Boon2
Mar 20, 2020 4:59 AM

BTCUSD H1 Is The Regular Flat Correction Over. Short

Bitcoin / U.S. dollarBitstamp

Description

If you followed my last BTC M15 idea this was the last update. Now we have the C wave up.


H1 There's no confirmation the wave C up is over so you need to wait for the confirmation before taking the short trade breaking the low. If we get a correction in here you can look to scalp the internal Z wave up and then looking for the sell setup. ALT if price falls over from here I'll be looking for something like this before jumping into the sell.


D1 B Wave Correction Idea, Check it out to see my D1 analysis thanks.


W1 Is This The End! Idea, Checkout my longer term view thanks.


If you wish to know how I analyze and trade these setups, by all means send us a PM.

Keep an eye out for updates.

Good luck and trade safe!

If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!

Thank's to all the traders in advance that hit the thumbs for your support!

Comment

A quick update, We havn't got the sell setup and the wave C up looking extended so I'm currently looking at it like this. H1 chart.

Comment

Checkout my BTC tweet to get the link for my weekly BCT outlook video.

Comment

Getting Z up, bit of luck breaks the top then gives a sell setup.

Comment

Nothings changed since last update, still in wave Z.
Comments
ttnn2
Test 7k & drop ?
Boon2
@thanh_tran_nguyen, maybe, we need the sell setup before taking any sell, were still in an internal Y wave up and at the time of putting this idea out there was only the potential buy thats played out. this is how i'm currently looking at it.
Brizzy64
Getting close to that 61.8%
Boon2
@bryengineer95, Yes I havn't really been updating this idea because I do a weekly outlook on youtube, if you wish you can check it out here youtube.com/channel/UCkh9uhANS4eJXwXBIFJlC0w

I will put a new BTC idea out either today or tomorrow as it's time to look for the sell to break the low.
Brizzy64
wave Y is underway
Boon2
@bryengineer95, I'm looking at it as a Z wave.
Brizzy64
@Boon2, that's a good setup. I just judged what you have as (w)-(x)-(y) as a W wave, then a-b-c as X and then I'd expect another combo of 3 for Y. I think your notation is more accurate, I can see the subwaves in yours and definitely looks like a triple correction wave. Good work!
nourin890
good job
Boon2
@nourin890, Cheers
Brizzy64
God I love it when I find another brain out there that appreciates Elliott Wave and sees how accurate it can be. I have been short since 10k. Keep up your good work, sir. And many thank yous for not including "HODL" and "MOONSHOT". Those words bring losses.
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