Sell Bitcoin below 5911.46 | 14 June 2018

Wave Analysis

After a break below the lower supportive trend line, Bitcoin rallied lower but is still above 5911.46. As long as the price is contained above this line, we expect a rally towards it, and even a breakout to pick a short position. However, should the price bounce from it, then the price will likely rally to the upper side. At the moment, we're waiting for a break below 5911.46 to confirm a possible long term sell position with an ultimate target at 4562.22. If you're not already in a short position, you could wait for price to descend below 5911.46.

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.