The daily candle charts indicates we are in a crucial turning point for BTC . We have yet to see if that means it will skyrocket past 12K or we go for a new low for 2018. Market is highly overbought when looking between the downtrend lines. Many indicators are starting to peak and without a second wind Bitcoin will be unable to crack that key resistance. If it fails to do so, this graph will become terribly accurate. Below are possibly trade suggestions.
Sell limit order is set right below 10.3K (Correct) - Buy back within or around the lower 'Buy Zone'. For GREAT long term positions.
Buy limit order is set right above 11.75K-12k (Incorrect) - Buy back in or get more Bitcoin within the upper 'Buy Zone'. For GOOD long term positions.
In the case I am correct, I will update this trade idea immediately. COINBASE:BTCUSD
This information is purely for educational purposes and not to be used as direct trading advice. Only a potential trade idea.