BTCUSD / H1 : so far the wave 2 looks like a possible flat..

Can't record a video today but this is what I have for now on the Bictoin. It's still very early to confirm but this look like a possible flat correction. Can be regular flat, or an extended flat. I prefer the second option cause this would mean a pullback to the daily resistant trendline shown in red on the chart.
At this point I'll be ready to short again with the double the amount of the partial profit taken on the bottom.
Anyway for now the corrective structure seems to still be ongoing. So patience is the best option right here for a seller like me !

Hope this idea will inspire some of you !
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Kindly,
Phil

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09:50

Commentaire:

Double TP signal from Sinewave & Momentum. Looks like we may have found our B point here ;)

Transaction en cours:

Here we are !! Perfect retracement scenario. Time to look for potential short signals. Nothing so far... Simply being patient and applying the strategy here