Elliott waves crypto analysis – Sell Bitcoin below 5776.94.

BTC –

Wave Analysis

Since 30th April this year, Bitcoin has remained confined within the falling channel formation and is not showing any signs of breaking out of it. Just recently, the price rallied higher but failed to breakout above the upper trend line. As long as the price is contained within this channel, we expect a momentum to the lower side. The anticipated bearish price rally will be the continuation of the current five wave cycle and should break below 5776.94 but should not go beyond 5000.00. If you’re not short already, you could wait and sell bitcoin below 5776.94.

Trade Recommendations:

Sell Bitcoin below 5776.94.

101% Double the volume

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