Short BTC now | 18 May 2018

Technical Observation

First and most important, the daily candle closed as a bearish pin bar. Directly in line with what I said on the other day's analysis. This pin bar is a clear indication that we're in the sellers territory, therefore, if you're in a long position, then you should opt out, but if in a sell position, then hold onto this position. I went short in this crypto while the price was around $8,987.80 and is still holding onto this position. My expectations is that the price should plunge even lower and may break below $6,949.12 towards $4,215.80 or even lower.

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.