Bitcoin / TetherUS
Panjang

Wait for the upmove on Bitcoin

235
Hi traders,

Last week Bitcoin slowly went down some more.

The outlook is still the same.
So it looks like price makes a bigger correction down for wave 4 which came into the price territory of wave 1 indicating this could be an (ending) diagonal (wave 5).

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

Penafian

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