Short bitcoin at 9636.30 | 22 March 2018

Wave Analysis:

As previously forecasted, Bitcoin pulled back upwards but still below the short term resistance level 9635.30. This crypto is still pretty much bearish on the weekly chart, however, we cannot refute the fact that it could spike higher in the course of this year. Bitcoin has the tendency of crashing at the beginning of the year, then recovering massively mid year, before crashing again just before the close of the year. Our recommendations of this crypto will be to wait for a clear sell opportunities around 9636.30 with your target at 5897.45.

Trade Recommendations:

Short bitcoin at 9636.30 towards 5897.45

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.