Wave Analysis

Bitcoin is currently correcting itself to the upper side. Instead of a rally downwards, bitcoin has been gaining value but is still below the upper trendline. As long as the price is contained within the contracting wedge formation, we expect a possible momentum to the lower side. The aim is to look for a long term short position upon a break below the lower trend line, with an ultimate target at 5333.00. This perception can only be invalidated in case the price breaks above the upper trend line.

Trade Recommendations:

we're short from the upper trendline

101% Double the volume