Buy BTC above $9,655.61 | 03 May 2018

Technical Observation

BTC is still rallying above the two Simple Moving Averages (14, 52) but is still above the (152) SMA. This Crypto is very bullish and chances of continuing upwards are very high, thus, instead of short positions, I'm waiting for a breakout above $9,655.61 to confirm a possible rally towards $11,535.51 or even higher. The three main lines to check on this chart include $6,973.32, $9,655.61 and $11,535.51. If these lines are broken, then the price will likely continue towards the direction of breakout. As it is, I'm waiting for a break above $9,655.61 to confirm a rally towards $11,535.51.

Trade Signal.

Buy BTC 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.