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27 July 2018, BTC
Technical Observation
BTC is currently trading with a slightly bearish bias Momentum. After breaking above the upper trendline, acting as a resistance to the triangular formation, BTC is now retracing to the same line. I', waiting for a bounce from this trend line to pick a low risk buy order with my ideal take profit at $12,911.30. If you went long already, you should leave this position. As it is on the daily chart, I only advocate looking for long positions. But should the price break below $6,282.44, then I will consider a short position.
Trade Signal.
Rebuy BTC upon a bounce from the immediate trendline
101% Double the volume
