Still bearish towards $6969.17 | 20 March 2018

Trade Observation:

BTC is currently trading with a slight bullish bias momentum. BTC is still bearish and chances of plummeting below $6969.17 are very high. Therefore, despite the upward rally currently seen on the daily chart, I remain reluctant to long this virtual currency. However, should the price break above $11352.30, then I may consider a long position towards $19,326.00 and may breakout higher to $20,000.00. While above $11,352.36, the key lines to look for include $13,380.90, $16,014.30 and $19,326.00. It is when these lines are breached that I'll expect a rise towards $20,000.00.

Trade Signal.

Still bearish 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.