we're short from the upper trendline | 29 August 2018

Wave Analysis

Bitcoin is currently correcting itself to the upper side. Instead of a rally downwards, bitcoin has been gaining value but is still below the upper trendline. As long as the price is contained within the contracting wedge formation, we expect a possible momentum to the lower side. The aim is to look for a long term short position upon a break below the lower trend line, with an ultimate target at 5333.00. This perception can only be invalidated in case the price breaks above the upper trend line.

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.