Elliott waves crypto analysis – we’re short below 1052.72

Wave Analysis

During the previous trading day, Bitcoin traded massively to the lowerside but is still above 5857.03. As long as the price remains above this level, we expect nothing but a possible rally towards this support. And in case of a rebound from this level, we’ll expect nothing but a possible momentum to the upperside. However, on the flip side, should the price break below 5857.03, then this will be a good place to look for long term short position with the first target at 3319.00 and the next target at 1052.72.

Trade Recommendations:

we’re short below 1052.72

101% Double the volume