Bitcoin could go lower

231
Hi traders,

The price action of Bitcoin did exactly what I've said in my outlook last week. After a small pullback into the Daily FVG, it rejected and continued the downmove.

Now we could see more downside for this pair to finish (blue) wave c.

Let's see what the market does and react.

Trade idea: Wait for a change in orderflow to bearish again to trade shorts.

If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my analysis.

Don't be emotional, just trade your plan!

Eduwave

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.