Elliott waves crypto analysis – Waiting to rebuy Bitcoin

BTC –

Wave Analysis:

During the previous trading day, we saw a correction of the impulsive wave (c) but is still above the upper trendline, we’re waiting for a clear buy signal from this level to pick a long term long position. The anticipated bullish price rally is the unfolding of the impulsive wave (c) to the upperside and should break above 9866.91 but should not go beyond 12733.60. This view can only be invalidated in case the price breaks below the same trendline, and even then, we’ll be waiting for a clear confirmation that the price will continue to the lowerside.

Trade Recommendations:

Waiting to rebuy Bitcoin

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