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we're looking for a short position.

12 September 2018, BTC

we're looking for a short position.

Wave Analysis

Bitcoin is currently rallying around a key support level 6208.52. As we forecasted previously, we still expect a steep decline with an ultimate target at 5909.20. If you're not short already, you can wait for a break below this level to look for a long term short position with an ultimate target at 5,909.20. A buy position can only be recommended in case the price breaks above 6534.50, if this is the case, then we'll expect a possible rally further upwards with the first ideal target at 7340.20 and the next at 8000.00.

Trade Recommendations:

we're looking for a short position.

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Graham Osano
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