Resell BTC at $9802.80 | 13 March 2018

Technical Observation

BTC is currently trading with a decreasing bearish momentum. While the price is below the short term resistance line $9802.80, I expect a bearish bounce from this line to pick a short position with a take profit set at $6106.04. If the price should breach $9802.80, then I expect a surge towards my buy location $11984.48. The key lines to look for in this chart include $6106.04, $9802.84, $11984.48 and $18519.00. Any clear buy or sell along any of these lines may be a potential buy or sell trade depending on the signal seen.

Trade Signal.

Sell BTC at $9802.80 towards $6102.04