Wait and buy BTC on a rejection from $6,590.82 | 29 May 2018

Technical Observation

BTC is currently trading with a slightly increasing bearish bias. Ealier yesterday, BTC plunged slightly downwards but is still several points above a major weekly line $6,590.82, this is my long term buy place unless it is clearly breached to the lowerside with a big red candle, however, while it still contains the price above, I'm waiting for a rejection from it to pick a long position with my first take profit at $9,445.84 and the next take profit at $13,365.71. In case of a bbreakout below $6,590.82, then I expect sellers to dominate towards $2,329.40.

Trade Signal.

Wait and buy BTC on a rejection from $6,590.82.

101% Double the volume

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.