Buy BTC above $9,655.61 | 04 May 2018

Technical Observation

After a tremendous momentum to the upper side, BTC is now approaching a key daily resistance line $9,655.61. I expect a rise above this line, and most importantly above the the 152 Simple Moving Average to confirm a possible bullish momentum towards the next line $11,535.51 where I'll be looking for possible sell orders. However, should the price breach above this line, then I'll expect a rally towards $18,843.30. On its way upwards, the key lines to look for include $13,170.90, $15,591.45 and $17,229.60.

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.