Buy BTC | 30 August 2018

Technical Observation

Earlier today, BTC pulled back slightly to the lower side but is still above the SMAs. While the price is above these two SMAs, I expect nothing but a possible momentum to the upper side. On its way upwards, the key lines to look for possible bounce from 7171.60, and i case of a breakout above 7171.60, then this will be a good place to look for a long position with an ideal take profit at 8289.10. I may consider a short position should the price break below 6796.60. This being the case, I'll expect a decline towards 6031.85, conservetive traders could wait for a break below 6031.85 to pick a short position towards 5600.

Trade Signal.

Buy BTC

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.