Resell bitcoin at 9631.30 | 21 March 2018

Wave Analysis

Instead of continuing short as previously forecasted, Bitcoin continues to correct itself to the upper side but still within our sellers zone 963.30-12118.70. As long as this zone is not violated to the upper side, we're still within the sellers zone and therefore only short positions looks more ideal and can be recommended towards 5897.45 and may break even lower. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and may break below 5497.45 towards 1325.00. At the moment, long positions only looks ideal above 12118.70 towards 19962.70.

Trade Recommendations:

Resell bitcoin at 9631.30 towards 5897.46.

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.