Short BTC below $6,945.12 | 27 March 2018

Technical Observation:

In the recent, BTC established a key daily resistance line $11,352.30, and is still rally below it. Unless there's a clear bullish breach above this line with a big green candle, I expect a surge to the lower side. First, I expect a break below $6,945.12, then a pullback to the just broken line to pick a low risk sell order with my take profit at $1,000.00. On the way downwards, the key lines to look for include $6,000.10, $4,001.00 and $2,124.10. If these lines can be breached, then I'll expect a momentum towards $$1,000.00.

Trade Signal.

Short BTC below $6,945.12 towards $1,000.00

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.