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BITCOIN | Bulls are Leading, Gain LONG
What can I say about current situation on Bitcoin? At the end of the previous week, we saw a buyback from the key zone of $9400, which provoked a further growth of BTC. Yesterday's growth aimed at reaching the first important resistance of $10900 was stopped and the price went to flat. At the moment, it is important to stay above the level of $10500.
Moreover, an uptrend formed Elliott waves 1-5 upwards, and after 1-5 there is always an ABC waves, which we are awaiting. Overall priority is LONG, makes sense to gain one in the range of $10450 - $10600. And you can start fixing profits at the $10900 - $11100 - $10250 levels. Stop Loss must be placed in the $10350 area.
Moreover, an uptrend formed Elliott waves 1-5 upwards, and after 1-5 there is always an ABC waves, which we are awaiting. Overall priority is LONG, makes sense to gain one in the range of $10450 - $10600. And you can start fixing profits at the $10900 - $11100 - $10250 levels. Stop Loss must be placed in the $10350 area.
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