Correction and up for Bitcoin
2025-01-04
Category: None

Hi traders,

Last week Bitcoin swept the lows of the A-leg and went up again. This could be the finish of the (orange) ABC correction.

Now we could see a correction down and another upmove from the Daily FVG lower to the Daily FVG higher, making it a complex (XYZ) correction pattern or the next impulsive leg up.

Let's see what the market does and react.

Trade idea: Wait for a change in orderflow to bearish and trade shorts into the lower Weekly FVG.

If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.

Don't be emotional, just trade!

Eduwave