Resell BTC at $8,602.36 | 14 May 2018

Technical Observation

BTC is currently trading with an increasing bullish momentum. As I said on my previous analysis, BTC went below $8,602.36 and is now pulling back to the same line. This Crypto is still bearish, however, the best place to look for short position will be upon a rejection from $8,602.36. If you went short at $9,445.84, then its good to leave this position open and have your first take profit at $8,192.00 and the next take profit at $6,945.17. If these take profits are breached,then a sharp drop towards $3,420.00 is expected.

Trade Signal.

Resell BTC at $8,602.36 with your take profit at $6,945.12.

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.