Short BTC towards $6106.04 | 15 March 2018

Technical Observation:

BTC continues to decline in value despite the previous anticipation that it could gain some value against the dollar. Following the fall below $8357.40, I expect a surge to the lowerside with the next take profit being $6106.04 or even lower to $1000.00. As it is on the 4 hour chart attached, only short positions looks more ideal and can be advised towards $1000.00. On the way downwards, the key lines to look for include $6912.00, $6106.04 and $550.00. It is when these lines are breached that I'll be expecting a drop towards $1000.00.

Trade Signal.

Short BTC 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.