Wave Analysis

Bitcoin continues to loose value but is still above the 4 hour supportive zone 5911.46-6380.05. This is a key zone and as long as it protects the lower side, we expect a momentum to the upper side. The anticipated bullish price rally should be the continuation of a corrective three wave cycle and should breakout above the upper trend line but should not go beyond 12733.05. If you're not in a long position already, may you should wait for further move to the lower side, especially towards 5911.46 to pick a long position.

Trade Recommendation.

Wait for a clear buy position.

101% Double the volume