Best Bitcoin Trading Ideas!!

Bitcoin has retraced, but found support at our technical level at 48.3K. We could be seeing the fourth corrective wave of a 5-3 Elliott wave forming as a component of an overall sideways correction. If so, anticipate the fifth wave to take us back to 52.8K at least. We seem to have some resistance here but if we break higher we there is a vacuum zone to 55.7K. Exercise caution though, because we have a vacuum zone below to 45.6K which will provide support. There is another level right below at 45K. The Kovach OBV has been pretty bullish but has levelled off so it could go either way.