Short bitcoin towards 4666.02 | 30 March 2018

Wave Analysis:

After a rebound from the upper resistive trend line, Bitcoin has been on a constant downtrend and is still pretty much bearish both on the daily and the weekly charts. Today and in the next few days, we expect a possible rally to the lower side. The anticipated bearish price action is the continuation of the impulsive wave (v) and may break below the 4 hour support level 4666.02 but should not go beyond 2345.21. According to the 4 hour chart above, only sell positions looks more ideal, thus, we recommend looking for short positions now towards 4666.61.

Trade Recommendations:

Short bitcoin towards 4666.02