Rebuy bitcoin around 8805.06 | 01 May 2018

Wave Analysis

Bitcoin is slowly loosing the bullish momentum it gained few days ago. Yesterday, this crypto went lower, but is still above the 4 hour support level 8805.06. As long as this level is not violated to the lower side with a big red candle, we're waiting for a clear long term buy from this place. The current downward rally is a corrective phase of the impulsive waves (c) and (v) and should not go beyond the 4 hour support level 8805.06, where we'll be looking to rebuy both the impulsive waves (v) and (c) towards 10073.03.

Trade Recommendations:

Rebuy bitcoin around 8805.06 towards 10073.03

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.