Elliott waves crypto analysis – we’re long from 5857.03

BTC –

Wave Analysis

During the previous trading day, Bitcoin crashed further but is still above the supportive level 5857.03. This is a key weekly level and as long as the price remains above 5857.03, we’re waiting for a possible bounce from 5857.03 to pick a long term long position with an ultimate target at 12396.90. This view can only be invalidated in case the price breaks below 5857.03, if this is the case, then we’ll wait for a possible pullback to the same zone to pick a long term short position with an ultimate target at 1052.72.

Trade Recommendations:

we’re long from 5857.03

101% Double the volume

You may check other analytical reviews on FreshForex website. Source: freshforex.com.