short BTC towards $4,000.00 | 29 June 2018

Technical Observation

BTC is currently trading with an increasing bearish bias momentum. As I said yesterday, I still expect a rise towards $6,969.17 to short BTc towards $5,424.90. If this take profit is broken, then the price is likely to continue further to the lower side with the next ideal take profit at $4,245.00. On its way to the lower side, the key lines to check for include $5,424.90, $5,243.00, and $5,241.00. It is when these lines are broken, then I'll expect a clear drop towards $4,245.00. On the other side, should the price break above $6,969.17, then this will be the best place to look for a long position.

Trade Signal.

short BTC towards $4,000.00

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.