BTC simple trading strategy for scalpers using H4

4 May

Finished bullish Elliot Wave. Sideways should take half of bullishtrend, top of recent bearishtrend, create weak bullish candles or pass resistance and crash down.

• Can form a triangle pattern. If not, it can do a cup pattern.
  
• tip: use a to e waves [from top] to know sideways structure end. You can start it from lowest peak and set two more for structure understanding.
  
• sideways should take around 25 candles but can reach lower if waves are small and shadows are big. Nothing changes if reaches more.
  

4 May

Not

It will probably do one more bullish wave before short. Stay allert and trade wise.

Seven lower waves is a reverse pattern.