Boon2

BTCUSD D1 B Wave Correction.

Panjang
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BITSTAMP:BTCUSD   Bitcoin
D1 We don't have any bullish divergence and wave A low may not be in place. Once we have the A wave low I expect to see a correction most likely up to the 50fib retracement (target), then get a C wave down breaking below the red line. What the corrective structure will look like is anyone's guess at this stage but I suspect choppy price action in the weeks ahead as I suspect were in a B wave so trade with care.

I don't see any trade setup's on the lower timeframes at this stage so I will update this idea when I get more data and potential trade ideas.

W1 Is This The End! Idea, check it out to get my prospective of the higher timeframes thanks.

Good luck and trade safe!

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