Short BTC now towards $1,000.00 | 05 April 2018

Technical Observation:

BTC is currently trading with an increasing bearish momentum. Yesterday, the price of BTC again went below the three Simple Moving Averages (14, 52, 152), while the price is contained below these SMAs, I expect a steady decline in value towards $1,000.00. So far, this year alone, BTC has Shaded almost $11,000.00 the value it gained last year. That is almost 95% loss, as its is on the hourly chart above, I still expect further surge to the lower side, and unless the price breaks above the 152 SMA with a big green candle, I expect the price to plummet further.

Trade Signal.

Short BTC now 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.