Sell BTC now | 14 September 2018

Technical observation

Price rose to the resistance zone $6566.96-$6533.44 and is currently within it. I expect nothing but a rejection of price within it followed by bearish momentum towards the support $5064.05 and a possible breach below it for a further decline in price. My advice, wait for the rejection within the above mentioned zone then pick short position within it with your take profit at $5064.05 and stop loss slightly above $6566.96.Long positions can only be recommended above $6566.96-$6533.44 in case of a clear breakout above it with a big green candle followed by a correction to it confirming bullish momentum of BTC.

Trade signal

Sell BTC now within $6566.96-$6533.44 with your take profit at $5064.05 and stop loss slightly above $6566.96.

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.