Only buy a break above $9,655.61 | 01 May 2018

Technical Observation

Recently, BTC attempted a rise above $9,655.61 but could not go any higher. The line $9,655.61 is a key daily resistance line and unless it is clearly breached to the upper side with a big green candle, I'm patiently waiting for a sell position around this line, however, should the price break above it, then I'll wait for a retracement to the same place to buy BTC with my take profit being $11,535.51, and the next at $16,820.75. This upward rally will highly be encouraged in case the price goes above the 152 Simple Moving Average.

Trade Signal

Only buy a break above $9,655.61 towards $11,535.51.

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.