Remain short | 07 March 2018

Technical Observation:

BTC is still held below the resistance zone $11984.48-$11440.81. I re-sold BTC slightly below this zone and is still holding. My expectation is that the price should continue to fall and may break break below $9080.10 or even lower to $6106.04. . On the way downwards, the key lines to look for include $9080.10, $7634.70 and $6106.04. A break below these lines will mean a definite fall towards $6102.04 or even lower to $1000.00. On the other side, any clear rise above $11440.81 will mean waiting for another break above $11984.48 towards $19241.70.

Trade Recommendations:

Remain short in BTC towards $6106.04