Look for a short position | 10 April 2018

Wave Analysis:

Following the ban Bitcoin ads on social platforms such as Facebook, twitter and Google search engine, Bitcoin has lost almost 75% the value it gained last year. We expect further loss in value especially while the price is below the 10,000.00 handle. on the 4 hour chart attached, we're waiting for a break below 6194.42 to confirm a possible bearish price rally and should break below 4566.02. The anticipated bearish price rally will be the continuation of the impulsive wave (v) to the lower side but should not go beyond 2500.00

Trade Recommendations:

Look for a short position with your first target at 4866.02