Still Short with TP at $6,945.12 | 16 May 2018

Technical Observation

Despite the bullish pin bar seen on Monday on the daily chart, BTC plunged just as I expected and is still to drop further. Unless there's a clear breakout above $9,445.84, with a big green candle, I expect a surge to the lower side with my first take profit at $8,192.00, and the next at $6,945.12, if these lines are breached, then I'll expect a spike towards $3,420.50. On the other side, should the price break above $9,445.04, then I expect a momentum towards $11,352.30 and the next take profit at $13,814.00.

Trade Signal.

Still Short with TP 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.