Short Bitcoin around 8573.86 | 20 March 2018

Wave Analysis:

Yesterday, Bitcoin corrected itself slightly to the upper side but is still below a short term resistance level 8573.86. As long as this short term resistance is not broken to the upper side with a big candle, this is a potential sell place. Thus, we're be careful to look for short position now towards 4666.02. The anticipated downward rally is the continuation of the impulsive wave (v) to the lower side and may break below 4666.02 towards 1245.00 or even lower. Other than 8573.86, another good sell place on this pair is somewhere around 13000.64.

Trade Recommendations:

Short Bitcoin around 8573.86 towards 4666.02

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.