Short BTC now towards $1000.00 | 26 March 2018

Technical Observation

BTC is currently trading with an increasing bearish bias momentum. Recently, the three moving averages switched places with the 152 simple moving average being on top of both the 52 and 14 simple moving averages. This is a potential bearish dorminance signal. And unless these three moving avarages switch places, I expect a surge to the lowerside. While the price is below the 152 moving average, I advice looking for short positions towards $2605.05 and may break lower to somewhere around $1000.00.

Trade Signal

Short BTC now towards $1000.00

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.