EduwaveTrading

Decision point for Bitcoin

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi traders,

Last week Bitcoin finished the triangle (wave 4). After that it went up just like I've said in the outlook.
But after NFP it dropped.

So now we could see another downmove to finish the correction and after that a rise for wave 3 (orange).
But if the downmove goes under the red trendline, the wavecount is invalidated and wave 4 (grey) could be bigger or that would be the start of a very big correction down to 64K.

So let's see what the market does and react.

Trade idea: Trade longs after a change in orderflow to bullish if price stays above the red trendline.

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

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