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.
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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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.