Buy BTC towards $11,566.84. | 16 July 2018

technical Observation

BTC is currently trading with an increasing bearish momentum. The other day, BTC declined steeply but ended up establishing a daily support around $5,936.11. Unless there's a clear bearish breach below this line with a big red candle, I expect a bounce from this line to pick a long position with an ideal target profit at $11,566.85. On its way to the upperside, the key lines to check for include $7,605.15, $9,317.00 and $11,003.30. If these lines are broken, then the price will, continue towards my take profit at $11,566.85.

Trade Signal.

Buy BTC towards $11,566.84.

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.