Short | 16 March 2018

Technical Observation:

BTC has not made any clear movements since the other day's analysis. As before, I still expect a surge to the lowerside towards the 4 hour support fixed at $6104.01. Only a break below this take profit fill push the price further to the lowerside with my next take profit being $1000.00. On its way to the lowerside, the key lines to look for include $7634.70, $6912.00 and $6106.04. It is when these lines are breached that I will expect a surge towards $1000. At the moment, BTC has had the sellers dominating and unless there's a clear buy, I remain bearish on this.

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.