Short BTC now | 23 March 2018

Technical Observation

After an incessant rise seen on Tuesday seen this week, BTC has been in a constant drop for almost three days now. BTC merely bounced off from the short term resistance line $9077.66, and since then, it has been rallying downwards. I expect a surge to the lower side and should break below this year's lowest low $6670.05, with the next take profit being $1000.00. On the way downwards, the key lines to look for include $7335.00, $6005.00, $5340.15 and $4362. It is when these lines are breached that I expect further momentum towards $1000.00.

Trade Signal.

Short BTC now towards $6670.85

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.