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BTCUSD Y Wave Down.

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D1 I'm still waiting for the downside to complete before we get the internal C up(see D1 idea)

H4 I'm still looking for the Z down to complete the structure (see H4 idea) but that will depend on what we get on H1. Will we get a H1 C down or the wave Y down as I'm forecasting?

H1 we got a long drawn out complex correction so I can expect at least a C down. Y down I can't rule out and we will need that if the H4 Z plays out.

Look for sell signal against the invalidation point 1st targeting the 100fib. moving to BE when price breaks W wave.

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)

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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.

For those that are bullish we are getting a bull flag breakout, you can take the trade but in my view it's quite risky so if you decide to take it keep a tight SL and move to BE ASAP.
I'm still quite bearish at this stage, the bull flag I think will just be a internal C up then it may fall over. If your in the sell place your SL at either the H4 invalidation point or the H1 invalidation point see on this idea.

The H1 invalidation point has been hit for this idea, H4 invalidation point still holds at this stage. Price not looking impulsive at all to the upside so there's a couple different structure's that can come out of this, all are bearish. I would advise to be very careful buying, like I said there is nothing motive to the upside on the H4 that I can see at this stage. I'f price breaks above the H4 invalidation point we may then get a short term buy setup. I'll put out a new idea on the weekend explaining in depth but here's one way i'm looking at it now on H1.