We're short from the upper trendline | 28 August 2018

Wave Analysis

Just we mentioned during the other trading day, instead of rallying to the lowerside, Bitcoin has gained value considerably but is still below the upper trendline. As long as the price remains within the contracting shape formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below 5506.35. This view can only be invalidated in case the price breaks above the upper trendline.

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.