Elliott waves crypto analysis – Sell Bitcoin below 5911.46.

BTC –

Sell Bitcoin below 5911.46.

Wave Analysis

During the previous trading day, bitcoin traded intensely with a bearish momentum and even went below the lower supportive trend line acting as a support to the converging wedge formation. As long as the price is contained below this trend line, I expect an acceleration to the lower side. Ideally, if you’re not already in a short position, you should wait for a clear breakout below 5911.46 to confirm a possible bearish rally towards 5000.41 and should breakout even lower. At the moment, buy positions looks a bit risky.

Trade Recommendations:

Sell Bitcoin below 5911.46.

101% Double the volume

!Attention!
All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: freshforex.com.

Leave a Reply