we're short from the upper trendline. | 27 August 2018

Wave Analysis

Despite the bearish pin bar seen few days ago, Bitcoin has been gaining value slowly but significantly. I expect further momentum towards the upper trendline and should not breakout higher. As long as the price remains within the falling wedge formation, we're looking to sell upon a rebound from the upper trendline and to buy upon a rebound from the upper trendline. Ideally, as long as the price remains within the falling shape, we expect nothing but a possible momentum further to the lowerside.

Trade Recommendations:

we're short from the upper trendline.

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.