Elliott waves crypto analysis – Wait for a clear buy opportunity.

BTC –

Wait for a clear buy opportunity.

Wave Analysis

During the previous trading day, the impulsive wave (v) traded intensely to the lower side but still above the supportive zone 5911.46-6390.03. We’re waiting for either a rebound from this zone to pick a low risk buy position, or a breakout below this zone to pick a short position towards 5513. At the moment, we choose to focus on buy positions, especially now that the price is above 5911.46. But should the price break below this level, then we’ll wait for slight correction to pick a low risk short position with my target as said 5513.

Trade Recommendation:

Wait for a clear buy opportunity.

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