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

27 August 2018, BTC

we're short from the upper trendline.

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

!Attention!
All bonus participates in drawdown!

FreshForex cancels commissions!

Bob Stan
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