Flat | 28 February 2018

Wave Analysis:

Bitcoin is slowly breaking above the upper trend line acting as the resistance to the falling channel. So far, we're not into buy positions, but if the price can hold above this trend line, then the chance of continuing upwards are very high. However, we're need to wait for another drop below this trend line to confirm the continuation of the impulsive wave (v) to the lower side. With that in mind, we choose to remain on the sidelines and only sell below this trend line, or buy above 13000.64. A break above 13000.64 will push the price upwards towards 19000.00.

Trade Recommendations:

Flat

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.