Technical crypto analysis based on breakout – sell BTC from $6,590.82

BTC –

sell BTC from $6,590.82

Technical Observation

On the 4 hour chart attached, BTC is still below the 152 Simple Moving Averages, but above the remaining two , 14, and 52, SMAs, As I started sometimes back, while the price is still contained below the 152 Simple Moving Average, a steep decline in value is still expected. And with this in mind, I’m expecting this upward rally to be a retracement toward $6,590.82 where I’ll be looking for a long term short position.

Trade Signal

sell BTC from $6,590.82

101% Double the volume

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