Sell BTC upon a bounce from $11984.45-$11440.83 | 06 March 2018

Technical Observation:

BTC still below a key sellers area $11984.45-$11440.83. I went short the last time price was at this zone and is still holding, my expectations is that the price will plummet upon a rebound from the just mentioned zone. In case of a breakout, then we'll wait for a pullback to the just broken zone to buy BTC towards $19241.70 or higher. On the way upwards, the key lines to look for include $14160.90, $16350.90 and $19241.70. If these lines are broken, then further rise to above $20000.00 is expected. On the other side, a bounce from $11984.45-$11440.83 will mean looking for a short towards $6160.04.

Trade Signal.

Sell BTC upon a bounce from $11984.45-$11440.83 towards 6106.04.

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.