Sell BTC on a slight retracement | 31 July 2018

Technical Observation

BTC is currently bouncing from a resistance trendline. While the price is contained below this trendline, I expect a spike to the lower side.; If you're not already in a short position, you can still look for short positions now and have your take profit at 5966.73. The idea is not to go short now, but to wait for a slight retracement upwards, then sell BTC. On you way to the lowerside, the key lines to check for include $7,243.60, and $6,343.70. If these lines are broken, then I'll expect a spike towards $4,540.90.

Trade Signal.

Sell BTC on a slight retracement

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.