Buy bitcoin around 6695.08 | 09 May 2018

Wave Analysis

Despite the previous day's forecasts that bitcoin could rise in value, this crypto continues to decline in value but is currently approaching a key support 6695.08. If you're not long already, its good to remain on the sidelines and wait for a clear buy upon a rebound from 6695.08, otherwise, if you pick a long position now, you may have to hold onto a loosing streak until after a rebound from 6695.08. The best place to buy bitcoin is around 6605.08, however. should the price break below this level, then expect a momentum towards 7304.13.

Trade Recommendations

Buy bitcoin around 6695.08 with your target at 10075.03 and the next target at 11654.03

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.