Wait | 22 May 2018

Technical Observation

Instead of a momentum to the upper side, BTC rallied to the lower side but still above a daily line $8,290.40. As I advised earlier this week, I still hold onto the idea that buying or holding onto a buy position here seems more ideal. And if you went short previous, based on my forecasts, then book profits now. That aside, the best place to buy BTC is upon a breakout above $9,445.64 or on a bounce from $6,945.17. Sell positions can only be considered on a break below $6,945.17 with an ideal take profit at $3,420.50.

Trade Signal.

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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.