Short BTC at $6,969.17 | 10 April 2018

Technical Observation

Recently BTC went below the daily support level $6,969.17, pulled back to it but failed to penetrate above, unless the price clearly breach above this level with a big green candle, I highly expect the price to plummet further towards $1,000.00 and may break even lower. If you're not already in a short position, you could fix a pending sell limit order at $6,969.12 with a stop loss above $7,393.30 take profit at $1,000.00. On the way to the lower side, the key lines to look for include $5,542.21, $4,245.52, and $2,124.

Trade Signal.

Short BTC at $6,969.17 towards $5,467.75.