We're long | 07 June 2018

Wave Analysis

As perfectly as forecasted previously, Bitcoin barely touched the lower supportive trend line and is currently rallying to the upper side. As long as the price remains above this trend line, we expect a possible rally upwards. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should breakout above the upper trend line to the upper side but should not go beyond the daily resistance level 11711.86, if this daily level is broken, then the price will likely continue upwards with the next target at 16933.23.

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.