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Sell now towards $8017.77 | 26 February 2018

26 February 2018, BTC

Sell now towards $8017.77

Technical Observation:

After establishing a fresh weekly high at $11713.82, BTC has declined tremendously and ended up closing below $11713.82. I went short princely along the colored chart, attached, my expectation is that the price will continue to plummet to somewhere below $1000.00, or even lower. I choose to remain short with my previous position still on. On the way downwards, the key lines to look for include $8017.77, $5886.30 and 3641.46. If these lines are broken, I expect a surge even lower to $1000.00. As it is on the 4 hour chart, short orders are more ideal, and can be advised as long as they are accompanied with low risk orders.
Trade Signal
Sell BTC now towards $8017.77

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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.
Imelda Maseno
Analyst of «FreshForex» company
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