Bitcoin could still loose value | 31 August 2018

Wave Analysis

During the previous trading day, Bitcoin lost value considerably but is still above this week's opening price. Despite this drop, we still expect a possible momentum towards the upper trendline. We're basically waiting for a rebound from the upper trendline to look for a short position with an ultimate target at 5228.95. However, should the price breakout above the upper trendline, then we'll be looking for a long position towards 12930.25. In case of a rise above this trendline, we'll wait for a minor pullback to the same trendline to look for a long position.

Trade Recommendations:

Only buy a break above the upper trendline.

101% Double the volume