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Remain short | 20 September 2018

20 September 2018, BTC

Remain short

Technical observation

BTC is still rallying on a bearish bias, price corrected to the resistance zone $6566.96-$6533.44 but could not penetrate above it and was rejected around it and is currently moving towards the support $6135.92,I expect a breakout below it for a further decline in price. If you bought BTC within $6566.96-$6533.44,remain short with your take profit at $6135.92 and stop loss slightly above $6566.96.Long positions may only be advisable in case there’s clear breakout above the zone $6566.96-$6533.44 with a big green candle followed by a correction towards the resistance line $7091.17 or even higher to $7449.16.

Trade signal

Remain short.

101% Double the volume

!Attention!
All bonus participates in drawdown!

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.
Imelda Maseno
Analyst of «FreshForex» company
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