We're long | 06 June 2018

Wave Analysis

During the previous trading day, Bitcoin picked a slight momentum to the upper side and is still showing signs of continuing upwards. We expect this upward rally to continue as long as the price remains above the lower supportive trend line but should not go beyond the upper trend line. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side, and in case the price breaks above this trend line, then we'll expect further momentum towards 11845.35 and could break higher towards 11711.82.

Trade Recommendations:

We're long

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.