Remain short | 28 March 2018

Wave Analysis

Bitcoin continues to crash steadily despite efforts to have it rise in value. Few days ago, Google and facebook banned ads on all the Crypotocurrency, bitcoin inclusive. And in then next few days, we expect twitter to ban ads relating to Bitcoin and the likes. This is not good news for this crypto, and therefore, we expect further crash to the lower side. The anticipated bearish price rally will be the continuation of the impulsive wave (v) to the lower side and should go beyond 5,897.46 towards 3,200.

Trade Recommendations:

Remain short 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.