Buy BTC now towards $11.352.39. | 07 May 2018

Technical Observation

Almost three days ago, BTC went above the daily resistance line $9,471.50 and is still above this line. This is a clear sign that the buyers are in complete control, thus, unless the price again gets below $9,471.50, specially with a big red candle, I expect a spike to the upper side with my first take profit at $11,352.38, if this take profit is taken out, then I'll expect further rally upwards towards $19,000.2. On the contrary, should the price get below $9,421.10, then I'll expect a plunge towards $6,945.17 or even lower.

Trade Signal.

Buy BTC now towards $11.352.39.

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.