We're looking for a long position. | 07 August 2018

Technical Observation:

After breaking above the upper trend line, BTC pulled back to the lowerside and is currently showing signs of bouncing from the same trendline. We expect this rebound to mark and end to the corrective wave (b), that any clear move to the upperside will be the continuation of the impulsive wave (c) to the upperside and should break above 9756.50 but should not go above 12236. This view can only be rendered futile in case the price breaks below this trendline, in this case, we'll expect a spike to the lowerside.

Trade Recommenation :

We're looking for a long position.

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.