Hi traders,
Last week Bitcoin made a correction up into the bearish Daily FVG.
From there it rejected to the downside. This could be an ending diagonal forming.
So now we could see more downside to break the previous swing low and finish the (orange) C-wave.
Let’s see what the market does and react.
Trade idea: Wait for the small correction up and after that a change in orderflow to bearish on a lower timeframe to trade shorts.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
But I react and trade on what I see in the chart, not what I’ve predicted or expect.
Manage your emotions, trade your edge!
Eduwave