Sell Bitcoin below 7304.13 | 24 May 2018

Wave Analysis

Bitcoin continues to shade it's value despite the previous forecasts that it could gain a momentum to the upper side. We expect further loss in value and if the price can break below the next hour support level 7304.13, then this will be a signal that the price could be headed towards last years lowest low. On the hourly chart above, we expect nothing but a steep decline towards 6745.90 or even lower. If you're long then its better to get out of this streak now and instead look for short positions towards 6745.90.

Trade Recommendations:

Sell Bitcoin below 7304.13 towards 6745.90

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.