Only sell bitcoin incase of a break below 5911.46. | 21 June 2018

Wave Analysis

Bitcoin is still consolidating above the supportive zone 6390.03-5911.46. As long as this zone protects the price above it, expect a rally to the upper side. At the moment, we expect a break above the converging wedge formation to confirm a potential rally to the upper side. But should the price break below 5911.46, then we'll be waiting for a slight correction to pick a low risk sell position with an ultimate target at 4521.23. So far bitcoin has been in a constant downtrend and chances of breaking below 5911.46 are very high.

Trade Recommendations:

Only sell bitcoin in case of a break below 5911.46.

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.