Short | 02 August 2018

Technical Observation:

BTC is currently trading with an increasing bearish bias momentum. After breaking above the contracting wedge formation, BTC rallied higher but is now retracing to the same trendline. I expect the just broken trendline to now act as a support to any movements to the lowerside. You may look for a short position now but have you take profit along the nearest supportive trendline. Alternatively, you could wait and buy this crypto upon a bounce from this support but have you take profit at 9721.85.

Trade Signal.

Short towards 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.