Sell BTC below 6185.70 | 23 August 2018

Technical Observation

BTC is currently trading with a neutral bias, despite the spike seen yesterday, BTC ended up closing just a few pips below its opening price. The previous day's candle was a bearish pin bar, meaning that the price could be heading to the lowerside. While the price is below the two Simple moving averages, intraday traders should be looking for short positions. The idea is to wait for a clear breakout below 6185.70 to pick a confirmed short position with the first take profit at 5897.60. A break below this line will push the price further downwards.

Trade Signal.

Sell BTC below 6185.70

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.