Short BTC now towards $6745.12 | 29 March 2018

Technical Observation

Definitely, this is a sellers dominated market, on March 22nd, the 152 Simple moving average crossed above the other two simple moving averages and is still above them. Unless there's a clear breach above the 152 SMA, I expect BTC to plummet further. On its way to the lower side, the key possible reversals lines include $6745.12, $5249.69, $3568.89 and $2837.81. If these lines are breached then BTC will likely find a base somewhere around $1000.00 or lower to $425.00. As it is on the 30 minutes chart attached, it's good to remain short.

Trade Signal.

Short BTC now towards $6745.12

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.