Wait | 22 August 2018

Wave Analysis

Instead of a rally to the lower side, BTC spiked higher but is still below the upper trendline, this crypto is still on the downtrend. We're waiting for a rebound from the upper trendline to look for a short position with an ultimate target along the lower trend line. If this is the case, then we'll wait for a pullback to the just broken line to pick a long term short position with an ultimate target at 5003.2. This view can only be invalidated in case the price breaks above the upperside,This will push the price upwards.

Trade Recommendations

wait

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.