We're short | 06 September 2018

Technical observation

Yesterday,BTC did not go as predicted, price pulled back to the support $7125.32-$7091.17 but was rejected at it, instead it clearly broke down below the zone with a big red candle before rallying down significantly towards the support key line $6564.21 and breaking down below it too. Right now the price is pulling back to $6564.21 and I expect a rejection of it at or around the line for possible bearish momentum towards $5964.05, and maybe a breach below $5964 for a further decline in price after a correction to it.Short BTC around $6564.21 with your take profit at $5964.05 and stop loss slightly above $6564.21.

Trade signal

Short BTC around $6564.21

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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.