As long as the price is above 6478.18, we expect a rally upwards.
As long as the price is above 6478.18, we expect a rally upwards. | 17 September 2018
17 September 2018, BTC
Wave Analysis:
After a drastic decline in value last week, Bitcoin is now showing signs of recovering to the upperside. Just recently the price went above 6478.18 and is still pretty much above this level, as long as the price remains above this level, we expect nothng but a possible momentum to the upperside. And on the lowerside, should the price break below 6478.18, then we’ll be waiting for another break below 6110.50 to confirm further bearish momentum with an ultimate target at 5891.20. SO far, since last year, bitcoin has been on the lossing end and could loose even further.
Trade Recommendations:
As long as the price is above 6478.18, we expect a rally upwards.
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.
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Bob Stan
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