Short bitcoin towards 4666.02 | 30 March 2018

Wave Analysis:

After a rebound from the upper resistive trend line, Bitcoin has been on a constant downtrend and is still pretty much bearish both on the daily and the weekly charts. Today and in the next few days, we expect a possible rally to the lower side. The anticipated bearish price action is the continuation of the impulsive wave (v) and may break below the 4 hour support level 4666.02 but should not go beyond 2345.21. According to the 4 hour chart above, only sell positions looks more ideal, thus, we recommend looking for short positions now towards 4666.61.

Trade Recommendations:

Short bitcoin 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.