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