Elliott waves crypto analysis – Look for a buy position towards 13000.64


Wave Analysis

During the previous week, Bitcoin went a bit higher than expected and even brokeout above the upper trendline and is still pretty much above it. As long as the price is contained above this trendline, we expect a possible momentum to the upperside. The ideal is not go long now, but to wait for a slight pullback to the same zone to pick a long position towards 13000.64 and could breakout higher. But should the price go below the just broken trendline, then I’ll wait for a breakot below 6394.47 to pick a short position towards 4666.05

Trade Recommendation:

Look for a buy position towards 13000.64

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