Bitcoin skyrocketed

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Hi traders,

Last week Bitcoin retested the bearish Daily FVG and when price broke the grey A wave (now orange B-wave), the Triangle bearish was invalid and the trend changed to bullish (updated wavecount).

It looks like this is the first impulsive wave 1 so after a (small) correction down, we could see more upside.

Let's see what the market does and react.

Trade idea: Wait for a small correction down and a bullish change in orderflow on a lower timeframe to trade longs.

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

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