Short BTC now | 30 March 2018

Technical Observation

BTC is currently rallying with an increasing bearish momentum. Since the beginning of March this, the 152 Simple moving average crossed above the other two Simple Moving Averages, (14, 52) and is still above them. This cross was a bearish dominance Indication, thus, while the price is rallying below these SMAs, I expect the price to plunge with my take profit being $1000.32. On the way to the lower side, the key lines to look for possible reversals include $5424.21, $4213.22, $2345.54 and $24534.42. It is a break below these lines that will push the price lower to $1000.00.

Trade Signal.

Short BTC now towards $4213.22

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.