Bigger correction down for Bitcoin
2025-02-01
Category: None

Hi traders,

Last week Bitcoin made the ABC correction down just like I've said in my outlook. But after that it went up very corrective.

So this correction down could become a complex WXY correction down. In that case we could see another ABC correction down now to finish the (grey) Y-wave into the Daily FVG. 

Let's see what the market does and react.

Trade idea: Wait for the correction down to finish. This is not the time to trade Bitcoin.

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.
If you don't agree, that's fine but I don't need to know it.
I do not provide trade signals.

Don't be emotional, just trade!

Eduwave