Place a pending sell limit order at $6,969.17 | 12 April 2018

Technical Observation

BTC is currently trading with a lousy momentum to the upper side. The price is yet to reach my sell limit order set at $6,969.17. Today, I expect to be picked at this line, and with my stop loss above last week's highest high $7,532.11, I expect a momentum to the lower side with my take profit being $1,000.01. On the way to the lower side, the key lines to look for include $6,058.10, $5,124.21, $3,524.21 and $2,124.21. If these line are breached then I expect further momentum towards $1,000.00 and may stretch even lower.

Trade Signal.

Place a pending sell limit order at $6,969.17 stop loss above $7,521.21 TP at $1,000.21.

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.