Short BTC below $9693.80 | 08 March 2018

Technical Observation:

BTC is currently trading with an increasing bearish bias. Currently the main hurdle can be seen at $9693.80, if the price can clearly break below this line, then I expect a bearish surge towards the daily support at $6106.04. On its way to the lower side, the may lines to look for possible buys include $8357.00, $7634.70 and $6106.04, only if the lower line is broken will I expect the price to continue short towards $1000.00. On the other side, buyers are above $11984.44, thus, unless the price breach above this line with a big green candle, I remain hesitant to trigger any long positions.

Trade signal:

Short BTC below $9693.80 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.