Remain short | 13 June 2018

Technical Observation

BTC is currently trading with an increasing bearish bias. Yesterday, BTC rallied lower and even went below the daily support line $6,969.17 and is still rallying below this line. As I said previously, while the price is contained below this line, I expect a surge to the lower side. As it is on the daily chart, its good to wait for a pullback to the just broken line to pick a long term short position with a take profit at $6k. If this take profit is broken, then further momentum towards $5k is expected. A but can only be advised in case the price breaks above $6,969.17.

Trade Signal.

Remain short towards $6k.

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.