BTCUSD H1 Larger Impulse to the downside Imminent
Updated
BTC H1 I'm still looking for price to break above red line for an expanding flat, if it turn's out to be running flat, red line won't get broken and price could fall anytime from here. I have expanding flat illustrated because there's a possibility we may be getting 12345 ending diagonal (not illustrated) in the internal wave C to complete the B wave
Scalping the buy breaks on the lower TF's is dangerous as upside for now is limited because the larger impulse is to the downside to complete the H4 structure.
1) Yellow line up the top is the invalidation point
2) I'm only looking for sell's, upside is limited
3) Wait for confirmation there's more downside to come with impulse down and bear flag on the lower TF before jumping into any sell
4) I'm expecting the yellow line at the low to be broken so look to TP on any bullish signal under that level
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H4 possible structures I'm looking at that fit my H1 analysis
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Scalping the buy breaks on the lower TF's is dangerous as upside for now is limited because the larger impulse is to the downside to complete the H4 structure.
1) Yellow line up the top is the invalidation point
2) I'm only looking for sell's, upside is limited
3) Wait for confirmation there's more downside to come with impulse down and bear flag on the lower TF before jumping into any sell
4) I'm expecting the yellow line at the low to be broken so look to TP on any bullish signal under that level
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!
H4 possible structures I'm looking at that fit my H1 analysis
<deleted>
Comment
Click on the chart and read the details for the update, Thank's<deleted>
Comment
Now things have come a little more complicated since my last update. Price didn't break above red line before price dropped breaking the low so now we either have bear expanding flat for one more down (which only experienced traders should trade) or were going up from here. The H1 TL is holding at this stage so I don't see any buy setup. Inexperienced traders should just sit aside for the time being until we get cleaner setup.Comment
Possible Buy setup, read idea details for full rundown. Thank's
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