we're looking for a long position from 5857.03 | 11 September 2018

Wave Analysis

Bitcoin continues to correct itself to the lowerside but is still above the upper trendline. As long as the price remains above 5857.03, we expect a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of an impulsive wave count and should break above 9389.70. A key support is seen at 5857, if this level can be broken, then an acceleration further to the lowerside is expected. You could wait for a clear breakout below this level to look for a long term long position with an ultimate target at 1057.72.

Trade Recommendations:

we're looking for a long position 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.