Sel BTC around $11984.46 | 02 March 2018

Technical Observation

BTC is slowly pulling back to upwards but still below my sell boundary set at the 4 hour resistance line $11984.48, unless there's a clear breakout above this line with a big green candle, I choose to hold onto a bearish bias on this Crypto. My expectations is that the price could continue upwards to, $11984.48 where I'll be looking for a long term short position towards $6106.04. A breakout above $11984.46 will mean waiting for a retracement to the just broken line to re buy this virtual currency with my take profit being $19241.70. On the way upwards, the key lines to look for include $16250.90 and $19241.70.

Trade Signal.

Sel BTC around $11984.46 towards $6106.04