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