Last week Bitcoin price went up some more to finish an ending diagonal (wave 3). After that we saw a fast pullback down for wave 4 and on Thursday the orderflow changed to bullish (close above 4H bearish FVG) and wave 5 started.
So now we could see more upside.
Let's see what the market does and react.
Trade idea: Wait for a small correction down on a lower timeframe and trade longs.
I'm on holiday the next two weeks so no outlooks. I will be back after two weeks.
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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.