We're long towards 12,235.52 | 26 July 2018

Wave Analysis:

After breaking above the upper trendline, Bitcoin rallied higher and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above this up trendline, we expect a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of the impulsive wave (c) and should break above 10195.35 but should not go beyond 12,235.52. The ideal is not to go long now, but to wait for pullbacks to pick a low risk buy position with an ultimate target at 12235.52.

Trade Recommendations:

We're long towards 12,235.52

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.