Elliott waves crypto analysis – We’re short towards 6,390.01


We're short towards 6,390.01

Wave Analysis:

Recently, Bitcoin failed to sustain the break above the upper trend line, and instead, it pulled back to the lowerside and is now below this trend line, as long as the price remains below this trendline, we expect a possible momentum to the lowerside. Ideally, we expect the rebound from $8,478.30 to have marked an end to the corrective three wave cycle, that the current rally to the lowerside is another impulsive wave count and should extend towards 6390.01 but should not break below 6913.46.

Trade Recommendations:

We’re short towards 6,390.01

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