buy BTC above 7111.55 | 31 August 2018

Technical Observation

BTC is still within the rising contracting wedge formation and is now showing signs of breaking above the upper trendline. I'm waiting for a clear breakout above 7111.55 to pick a long position with my take profit at 8171.10. If you're not in an upward position already, you could wait for this breakout to buy this Crpto, and on the flip side, should the price bounce from 7111.55, then I will be looking for a short position with my first take profit at 5935.40 or even lower. Conservative traders could wait for a breakout below 5935.40 for this short position.

Trade Signal

buy BTC above 7111.55

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.