flat | 24 April 2018

Technical Observation

BTC is currently trading with a declining upward momentum. For the past three days, the daily candles on this Crypto has been closing as sell candles but the price continues to rise. This is a clear sign that, although the sellers are encroaching this market, buyers are still having their part, thus, unless there's a clear sell candle, I still expect a rise towards $9,0009.93 and may breakout higher. My opinion is that, conservative traders should remain on the sidelines or wait for short term buy positions towards $11,603.60.

Trade Signal.

Conservative traders should remain flat

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.