One more leg up for Bitcoin
2024-11-02

Hi traders,

Last week Bitcoin finished a triangle correction down (wave 4 orange) and started another upmove and correction down for wave 5 (orange).

So next week we could see another upmove to finish wave 5 of the diagonal.

Let's see what the market does and react.

Trade idea: Wait for the correction down to finish (ideally into the Daily FVG), a change in orderflow to bullish again and after a small correction down on a lower timeframe you could trade longs.

If you want to learn more about my analysis, please make sure to follow me, give a like and 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 signals.

Don't be emotional, just trade!

Eduwave