Elliott waves crypto analysis – Still bullish


Still bullish

Wave Analysis

Bitcoin continues to rally within the converging wedge formation and is not showing any signs of breaking above it. Just recently, the price bounced off from the lower supportive trendline, and is pretty much bullish. We expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (C) and may break above the upper trendline, but should not go beyond the next key level 9732.60. However, should this level get violated, then the price should rally further towards 12,733.85.

Trade Recommendation.

Still bullish price towards the upper trendline.

101% Double the volume

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