Elliott waves crypto analysis – Look for a long position now.

BTC –

Look for a long position now.

Wave Analysis

After breaking above the upper trendline, Bitcoin pulled back perfectly to the same zone and is currently heading to the upperside. As long as the price remains above the upper trendline, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should break above 12,325.32. If you’ve not bought Bitcoin already, you can still buy Bitcoin now, but have your first take profit at 9536.32 and the next at 12,352.20.

Trade Recommendations:

Look for a long position now.

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