Elliott waves crypto analysis – Flat for now.

BTC –

Flat for now.

Wave Analysis

Bitcoin continues to systematically edge to the lower side but is still above the 4 hour support level 8605.06, few days ago, we expect a possible rise towards 10077.03 and even a break to the upperside, however, this move is being capped around 10077.03, as long as this level is not clearly broken to the upperside, we expect further momentum towards 8605.06 where we’ll be looking to rebuy both the impulsive waves (v) and (c) to the upper side with the first target at 10077.03 and the next target at 11664.46.

Trade Recommendations:

Flat for now.

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