Short BTC now | 17 May 2018

Technical Observation

As I said on the other day's analysis, BTC continues to plunge to the lower side and even went below $8,204.50. I went short previously around $8,87.60 and is still holding onto this position. My long term expectations is that BTC should continue to loose value and may break below $6,945.12 with a potential of heading lower to $3,420.50. On the contrarily, a long term long position can only be advocated for in case the price breaks above $9,445.84. On its way upwards, the key lines to take profits include $11,352.35 and $13,814.00.

Trade Signal.

Short BTC now towards $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.