Short BTC at $9804.80 | 14 March 2018

Technical Observation:

Since the forecast I did yesterday on BTC, no main move can be traced here. The price is still stagnating below the $9802.80 and may continue that way unless a clear direction is seen. As it is on the 4 hour chart attached, I still expect further rally to the lower side especially while the price is below $9802.80, however, any breach above it may push the price to the upper side towards the sellers area seen at $11984.45-$11640.00. If you went short earlier based on the other forecast, you could leave this position open and have your take profit at $6106.04.

Trade Signal.

Short BTC at $9804.80 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.