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Wait for a pullback towards 7212.05

16 April 2018, BTC

Wait for a pullback towards 7212.05

Wave Analysis

Bitcoin continues to rally upwards and is still pretty much bullish both on the daily and the weekly chart. The most important thing is that the price went above a key level 7213.05, and as long as this level protects the lowerside, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave c to the upperside and should extend higher towards 9304.28. If you're not already in a long position, you could wait for a pullback to the lowerside to pick a long position towards 9304.28.

Trade Recommendations:

Wait for a pullback towards 7212.05 then pick a long position towards 9204.28.

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Graham Osano
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