Remain long | 04 June 2018

Technical Observation.

Since Friday last week, BTC went above the three Simple moving averages and is still rallying above them, While the price is still contained above these lines and also above a key line $7,547.55, I expect a momentum to the upper side. On its way upwards, the key lines to look for include $7,874.04, $8,247.80, and $10,214.21. If these lines are breached, then I expect a momentum towards last years highest high. Sell positions will only be advised in case the price breaks below $7,547.56.

Trade Signal.

Remain long towards $7,874.06.

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.