Bitcoin crash: confirmed short

The price of the Bitcoin (BTC) on the day of 10 June, opened the negotiations at 7,496 dollars (on the relative highs of the day), and then began its race to the downside and bring the price to close in the area 6,770 dollars. The resistances to be monitored are: 8,000 and 8,401 dollars (daily resistances), while supports: 5,936 and 6,813 dollars. The moving averages at 100 and 200 periods have crossed and are respectively in area 8,543 and 8,478 dollars.

For those wishing to buy Bitcoin

Enter the breaking of static and dynamic resistance in the area of ​​8,000 dollars, with a stop loss at 7,400 and the first target in the area of ​​8,780 dollars.

For those who currently hold Bitcoin

The price in the last sessions has collapsed, coming to test a mid-long term support. The short situation seems to be confirmed.

For those wishing to sell Bitcoin

For those who had not already entered, enter the confirmed break of support in the area of ​​6,813 dollars, with a stop loss positioned at 7,400 and the first target in the area of ​​5,936 dollars.

Targets

Bearish

8,000: reached May 17, 2018
7.800: reached May 23, 2018
6.813: reached 10 June 2018
5.936: not reached

Bullish

9,089: reached April 24, 2018
9.555: reached April 24, 2018
8.781: not reached