Sell BTC below $6,058.50 | 09 August 2018

Technical Observation

BTC continues to decline in value and is currently approaching a daily support line $6,058.50. I expect a decline towards this line and should breakout even lower. While the price is below the three Simple Moving Averages, I expect a steep decline to the lower side, and if you're not already in a short position, you can wait for a breakout below $6,058.50 then pick a short position and have your take profit around $5,124.51. On the other side, only a bounce from $6,058.50 will attract a long position.

Trade Signal.

Sell BTC below $6,058.50

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.