Resell BTC around $12060.89 | 28 February 2018

Technical Observation:

Yesterday, BTC pulled back upwards but still not within my sellers range. I expect a surge upwards towards the resistance zone $12060.89-$11621.12 to short this virtual currency. However, if the price can clearly breakout above it, then I'll be waiting for a retracement to the just broken zone to pick another long position towards the next key level seen at $16396.3. This is from the buyers point of view, a bounce from the just stated zone may mean the price is may continue to drop. On its way downwards, the key lines to look for include $9489.10, $7780.30 and 6083.60.

Trade Signal.

Resell BTC around $12060.89

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.