Wait | 04 April 2018

Technical Observation

For the second time now in a span of less than one month, BTC has gone above the three Simple Moving Averages (14, 52, 152). Most importantly, the price is above the larger SMA 152, while the price is above it, I expect a steady rise and may extend above $8, 202.70 towards $9,112.70. As it is on the hourly chart attached, I'm waiting for the 152 to clearly break below the two other moving averages to take a confirmed buy order. On the way to the upper side, the key lines to look for include $7,899.10, $9,122.00 and 10, 337.10.

Trade Signal.

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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.