Elliott waves crypto analysis – We’re buyers for now

BTC –

We're buyers for now

Wave Analysis

During the previous trading day, Bitcoin traded intensely to the upper side and even went above the immediate resistive trend line. This is a sign that the buyers are encroaching this market, thus, as long as the price is contained above this trend ine, we expect a possible momentum to the upper side with our target at 7718.34. If this target is broken, then an acceleration towards 8191.21 will be the next ideal move. Ideally, we expect the level 7059.10 to have marked the end of the impulsive wave (c), that the current rally to the upper side is the unfolding of a fresh impulsive rally.

Trade Recommendations:

We’re long towards 7715.34

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.