Place a pending sell limit order at $6, 969.17 | 11 April 2018

Technical Observation

BTC is slowly approaching my sell limit order set at $6,969.17 with stop loss above $7,345.10. While the price is stagnating below $6, 969.17, I expect a momentum to the lower side, as it is on the daily chart shown above, only short positions looks more ideal and can be recommended with stops above $7,345.10 and take profit at $1,000.00. Since the onset of this year, Bitcoin has been on the loosing side, and therefore, chances of continuing even lower are very high. Thus, I choose to focus only on short orders.

Trade Signal.

Place a pending sell limit order at $6, 969.17 SL above $7,345.10 take profit at $5,491.60.