We're short towards 6,390.01 | 01 August 2018

Wave Analysis:

Recently, Bitcoin failed to sustain the break above the upper trend line, and instead, it pulled back to the lowerside and is now below this trend line, as long as the price remains below this trendline, we expect a possible momentum to the lowerside. Ideally, we expect the rebound from $8,478.30 to have marked an end to the corrective three wave cycle, that the current rally to the lowerside is another impulsive wave count and should extend towards 6390.01 but should not break below 6913.46.

Trade Recommendations:

We're short towards 6,390.01

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.