Bitcoin gaining significantly | 13 April 2018

Wave Analysis

During the previous trading day, Bitcoin traded impulsively to the upper side and even went above the hour resistance level 7211.05, as long as the price remains above this level, we expect a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and may break above the 9304.20 handle higher to 13000.00. This view can only be invalidated in case the price clearly break below 7233.05, this being the case, we'll expect a possible momentum to the lower side.

Trade Recommendations.

If you're not long already, you could wait for a pullback to the lowerside then pick a buy position towards 9304.20

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.