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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If you took the H1 sell move to BE, 1st targeting the 100fib.
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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
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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
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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
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