We're long towards the upper trendline | 16 July 2018

Wave Analysis

After an unsuccessful attempt to break below the supportive 4 hour level 5911.46-6390.91, Bitcoin is now showing signs of rising. As long as this zone protects the price above it, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding on a corrective three wave cycle and should break above the upper trend line. Just now, we expect the first impulsive wave (a) to stretch upwards and may break above this trend line. If you're a bit skeptic to look for a long position now, you could wait for this breakout.

Trade Recommendations:

We're long towards the upper trendline

101% Double the volume