We're waiting for a buy from the lower trendline. | 26 September 2018

Wave Analysis

In the recent past, Bitcoin established a support around the lower trendline and is still pretty much above this level. Unless the price clearly breaks below this trendline, we expect nothing but a possible momentum to the upperside. Ideally, we expect a possible rebound from the lower trendline to pick a long term long position with an ultimate target along the upper trendline. And on the other side, should the price break below the immediate trendine, then this will be ideal place to look for along term short position.

Trade Recommendations:

We're waiting for a buy from the lower 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.