Sell Bitcoin below 5911.46. | 13 June 2018

Wave Analysis

During the previous trading day, bitcoin traded intensely with a bearish momentum and even went below the lower supportive trend line acting as a support to the converging wedge formation. As long as the price is contained below this trend line, I expect an acceleration to the lower side. Ideally, if you're not already in a short position, you should wait for a clear breakout below 5911.46 to confirm a possible bearish rally towards 5000.41 and should breakout even lower. At the moment, buy positions looks a bit risky.

Trade Recommendations:

Sell Bitcoin below 5911.46.

101% Double the volume

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.