Wave Analysis

After a break below the lower supportive trend line, Bitcoin rallied lower but is still above 5911.46. As long as the price is contained above this line, we expect a rally towards it, and even a breakout to pick a short position. However, should the price bounce from it, then the price will likely rally to the upper side. At the moment, we're waiting for a break below 5911.46 to confirm a possible long term sell position with an ultimate target at 4562.22. If you're not already in a short position, you could wait for price to descend below 5911.46.

Trade Recommendations:

Sell Bitcoin below 5911.46

101% Double the volume