H4 I'm still expecting the Z down. (see H4 idea below for the complete picture)
H1 I'm only looking for the sell against the invalidation point, I don't see any buy setup at this stage. I would like to see price break above internal A wave (yellow line) before the bear flag break. No one knows where the internal C up will end so wait for a solid setup before jumping into any sell 1st targeting the 100fib. (need end of C to project 100fib)
Sl you can either place above the C or I think it's best at this stage to calculate your risk just above the invalidation point, moving to BE when price break's below wave W.
Note, The internal H1 structure could become much more complex so we will need to see if we just get a C down or a Y.
For the longer term investors if we get the H4 Z down that will give you a nice opportunity to buy for the longer term, at this stage there is no buy setup's that I can see so you need patience before you start loading up! ( I will put out a new D1 longer term idea once I have more data that a low is in place)
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up 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!
BTCUSD H4 Update, Z down? Checkout the idea detail's and all the update's to get up to speed.
D1 idea. Checkout the idea and all the update's for the complete picture thank's.
H1 I'm only looking for the sell against the invalidation point, I don't see any buy setup at this stage. I would like to see price break above internal A wave (yellow line) before the bear flag break. No one knows where the internal C up will end so wait for a solid setup before jumping into any sell 1st targeting the 100fib. (need end of C to project 100fib)
Sl you can either place above the C or I think it's best at this stage to calculate your risk just above the invalidation point, moving to BE when price break's below wave W.
Note, The internal H1 structure could become much more complex so we will need to see if we just get a C down or a Y.
For the longer term investors if we get the H4 Z down that will give you a nice opportunity to buy for the longer term, at this stage there is no buy setup's that I can see so you need patience before you start loading up! ( I will put out a new D1 longer term idea once I have more data that a low is in place)
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up 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!
BTCUSD H4 Update, Z down? Checkout the idea detail's and all the update's to get up to speed.
D1 idea. Checkout the idea and all the update's for the complete picture thank's.
Bình luận:
Quick update, nothings changed except price has broken above the internal A wave which is what I have been waiting for, look for the sell setups.
Bình luận:
H1 Quick update, BTC still very much bearish in my view we just got a more complex internal structure completing the X. Internally it still can become more complex but we should at least expect the larger Y down (could be a C). I would like to see a larger Y impulse down in the near future to be convinced the H4 Z down is in play.
Look for short's against the invalidation point 1st targeting the 100fib moving SL to BE when price break's below wave W.
Look for short's against the invalidation point 1st targeting the 100fib moving SL to BE when price break's below wave W.
Bình luận:
We got a long drawn out complex correction, if your in the trade checkout the new idea. BTCUSD Y Wave Down. Checkout the idea detail's for the complete picture thank's.
