Bigger correction for BItcoin
Hi traders,
Last week Bitcoin invalidated the wavecount so I've adjusted it. The way price moves it looks like Bitcoin is making a big Triangle (wave 4).
So now it looks like it's making another correction up for the D-leg. If this analysis is correct you could trade buys. But I would wait for a clear impulsive upmove before trading longs.
Now let's see what the market does and react.
Trade idea: Trade longs after a clear impulsive upmove and change in orderflow to bullish and a small correction down on a lower timeframe.
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
Last week Bitcoin invalidated the wavecount so I've adjusted it. The way price moves it looks like Bitcoin is making a big Triangle (wave 4).
So now it looks like it's making another correction up for the D-leg. If this analysis is correct you could trade buys. But I would wait for a clear impulsive upmove before trading longs.
Now let's see what the market does and react.
Trade idea: Trade longs after a clear impulsive upmove and change in orderflow to bullish and a small correction down on a lower timeframe.
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
🆓 Check my IG posts for a free strategy. I'm here to help.
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💯 Learn to trade my profitable strategy with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 More (free) products: eduwavetrading.gumroad.com
Disclaimer
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.
🆓 Check my IG posts for a free strategy. I'm here to help.
💯 Learn to trade my profitable strategy with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 More (free) products: eduwavetrading.gumroad.com
💯 Learn to trade my profitable strategy with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 More (free) products: eduwavetrading.gumroad.com
Disclaimer
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.