Wave Analysis:

So far, since the beginning of this week, no significant move has been seen on this crypto, Bitcoin continues to rally within a narrow range and is still pretty much above the daily support level 6394.47. As long as this level protects the lower side, we expect a possible momentum to the upper side. Our expectations is that the price will continue upwards and break above the upper resistive trend line, before eventually picking a momentum to the upper side. This view can only be rendered futile in case the price breaks below 6394.47. This being the case, we'll expect the impulsive wave (v) to continue upwards towards 4666.02.

Trade Recommendations:

As long as the price remains above 4394.47, look for a long position towards 11,000.00.