Wave Analysis

Nothing much happening on this chart, Bitcoin is still above 6390.01-5911.46. This is a key supportive zone even on the higher time frames, which means, unless it is clearly broken to the lower side, it remains a good buy place for long term buyers. The anticipated bullish price rally will be the unfolding of an impulsive five wave cycle and may break above 12,733.86. So far, for the better parts of this year, Bitcoin has been on the loosing end and should the price break below 5911.46, then we'll expect a spike to the lower side and may breakout below 4500.45.

Trade Recommendation:

We're long towards 12,733.86.

101% Double the volume