Short BTC towards $6969.17 | 19 March 2018

Technical Observation

BTC is currently pulling back to upper side and is still bearish. I went short previously while the price was at $11352.30 and is still holding onto this position. My expectations is that the price should pullback narrowly to the upper side towards $9410.85, where I'll be looking for another intraday short position with my take profit at $6969.17. On the way downwards, the key lines to look for include $8252.50, $8094.15 and $6969.17. As it is, only short positions looks ideal, but should the price breaks above $11352.35, then I'll expect a rise towards $14039.25.

Trade Signal.

Short BTC towards $6969.17

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.