Long term buyers should buy BTC above $9,445.84 | 15 May 2018

Technical Observation

BTC is currently trading with an increasing bullish momentum. Yesterday's candle was a near perfect bullish pin bar and could mean the buyers are taking charge of this market. This Crypto is bullish momentarily and unless the price breaks out above $8,825.86 with a big green candle, I still expect a surge to the lower side with my take profit being $6,945.12. If the price should rise above $8,825.86, then I will consider a short term long position with my take profit being $9,445.85. If this take profit is reached, then a rise towards $11,352.35 is expected.

Trade Signal.

Long term buyers should buy BTC above $9,445.84 towards $11,352.35.

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.