Remain flat | 12 September 2018

Technical observation

BTC is rallying between the resistance zone $6566.96-$6507.45 and a support $5964.05.I expect either a correction to the above mentioned zone or a rally towards the support and possible breakout below it. In case of a correction to the zone, wait for a rejection within it to confirm no possible breakout above before you short BTC, and should there be a rally towards $5964.05 and a breakout below it , wait for a correction to it confirming possible bearish momentum of price before you short BTC. Long positions may only be recommended above the resistance zone $6566.96-$6507.45 towards $7091.17.

Trade signal

Remain flat.

101% Double the volume

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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.