We’re short | 13 August 2018

Wave Analysis: For almost three quarters of this year, Bitcoin has been on a constant downtrend and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the upper resistance trendline, we expect a possible rally to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below the supportive trendline but should not go lower than 4531.20. Trade Recommendations: We’re short

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.