$BTCUSD 1H EUROPE UPDATE#2 - 27/02/2018
rsi divergence was erased on the 1h chart and therefore I propose wave 2 completed at 10,105.00. While above that level, we should see 11,351.98 soon. 

So, in this configuration, either we are in a double three from 9,260.00 and still exposed to another low below 9,260.00 or in a motive wave - 7 swings as opposed to 5 swings with rsi divergence - 

11,780.00 is now exposed for a retest as equal leg area extends beyond that level.

Invalidation level to the downside is 9,260.00 on the 1h.


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