Bitcoin has been slowly playing right into our hands.. I see more Downside and I'm looking for a few places to trade short term. I believe we are in an impulse move to the downside. currently in a wave 3 on a smaller degree. im looking for the corrective structure to complete and for price to break out signifying more downside.
Check this out! We should have a short term buy setup on the 15 min. dont hold for long... maybe a few hours... if we get a pullback with a 3 corrective pattern we are in on the break of the structure!!!
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Im a stickler for big titles..lol this is my approach to looking at the potential reversal zone or completion zone for BTC.
the fib Extension of the previous C wave of the 1st Corrective Structure is what I am using. I believe that if we are indeed in a C Wave of a correction,,, then it should retrace to at least the 127. Extension of the previous C leg. As we...
Found a Gartley that confirms a 3 wave corrective structure on the 15 min.
as this trade unfolds lets see what happens. my stops are tight as per the harmonic rules. my target is 100% of the XA leg.. because I am anticipating a Flat correction.
Also i see williams indi reversal signal.
127% of previous leg serves as a good TP Everytime. :) follow for more updates.
lets see how it plays out.. VIX FIX says we are in the reversal zone... market does need to correct.. before heading down.
As I am plotting out possible senarios to this complex correction on the 240M Chart, I am having to get into the lower time frames to help me sort out these movements.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of...
Well... As I have been following BTCUSD I noticed a gartley that could be forming.. I marked it up a few days ago but didnt get a chance to post.. I believe a bearish Gartley will only set us up for the posible ending of this complex correction!
let keep an eye on it..
Here is a broader view of the idea i have.
I'm still learning but here is my take. After some good correction and a possible finish of a complex correction.
We have just completed a Leading diagonal for Wave 1.
If we get an ABC correction down I would be interested in going Long!!!