we're long from 5857.03 | 03 September 2018

Wave Analysis

After a steep decline seen late last year, Bitcoin is currently just a few points above the daily support level 5857.03. As long as the price remains above this level, we expect a possible momentum to the upperside. We're basically waiting for a clear rebound from the level 5857.03 to pick a long term long position with our target at last year's highest high. This view can only be invalidated in case the price breaks below 5857.03, then we'll expect the impulsive wave (c) to continue to lowerside and should break below 1052.75.

Trade Recommendations:

we're long from 5857.03.

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.