Wait | 13 July 2018

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

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.