Look for a buy position towards 13000.64 | 04 June 2018

Wave Analysis

During the previous week, Bitcoin went a bit higher than expected and even brokeout above the upper trendline and is still pretty much above it. As long as the price is contained above this trendline, we expect a possible momentum to the upperside. The ideal is not go long now, but to wait for a slight pullback to the same zone to pick a long position towards 13000.64 and could breakout higher. But should the price go below the just broken trendline, then I'll wait for a breakot below 6394.47 to pick a short position towards 4666.05

Trade Recommendation:

Look for a buy position towards 13000.64

101% Double the volume

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.