Elliott waves crypto analysis – Look for buy positions now


Look for buy positions now

Wave Analysis

So far since the previous day’s analysis, nothing much has changed on this crypto. Bitcoin is still rallying within our buyers zone 8400.37-8304.15. As long as this zone is not violated to the lower side with an extended candle, we expect a possible rally to the upper side. The anticipated bullish price rally will be the unfolding of an impulsive five wave cycle and should break above 8813.40 towards 9038.60. On the bears side, should the price get below 8304.35, then this will be a good place to look for short position towards 7304.13.

Trade Recommendations:

Look for buy positions now towards 9838.60

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