Technical crypto analysis based on breakout – Sell BTC towards $6,31.85


Technical Observation

After the 152 Simple Moving Average Switching places with the 52 Simple Moving Average, BTC has been loosing value consistently to the US Dollar. While the price remains below the three SMAs, I expect a spike to the lowerside with my first take profit at $6,031.85. If you’re not already in a short position now, you can wait for a breakout below $6,031.85 to pick a short position with an ideal take profit at $5.124.00. On the otherside, only a bounce from $6,031.85 will attract a long position with an ideal take profit at $8,367.75.

Trade Signal.

Sell BTC towards $6,31.85

101% Double the volume

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