Buy BTC upon a rebound from the supportive trendline | 13 July 2018

Technical Observation

Since January this year, BTC established a supportive trendline and is still contained above this trendline. As it is on the daily chart, I expect a drop towards this trendline to buy BTC at the least risk possible. If you're not already in a long position, you could wait for price to decline then pick a buy order with my take profit at 11,512.20. However, should the price break below this trendline, then I'll expect a surge to the lowerside towards last years lowest low. On its way downwards, the key lines to check for include $3,327.52, $3,214.21 and $2,512.32.

Trade Signal.

Buy BTC upon a rebound from the supportive trendline

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.