Sell BTC towards $6,655 | 06 August 2018

Technical Observation

BTC is currently trading with an increasing bearish bias momentum. Late last week, after a steep rise, the 52 Simple Moving Average swapped places with the 152 SMA, while the price is below all the three Simple Moving Avarages, I expect a spike to the lower side. But today, I expect BTC to trade within a range, not going above $7,229.36 or below $6,655. Within this range, I'm only interested in trading reversals, but in case of any break, I'll be looking for trade towards the direction of the break.

Trade Signal.

Sell BTC towards $6,655.

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.