Sell BTC at $6564.21 | 07 September 2018

Technical observation

BTC is correcting to the broken support line $6564.21, I expect a rejection of it at the line for a possible bearish momentum towards $5964.05 and a breakout below it for further decline in price. Wait for the correction to $6564.21 then short this crypto at it with your take profit a at $5964.05 and stop loss around $6760.36.Should there be a breakout above it with a big green candle, wait for a correction to it to confirm bullish momentum of price before you pick long positions towards the resistance zone $7125.32-$7091.17.Right now only short positions can be recommended on the 4hour chart above.

Trade signal

Sell BTC at $6564.21 towards $5964.05.

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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.