According to the 30M time – frame, I found that Bitcoin is trading in a consolidation phase, which is a sign of indecision. Anyway, I found a potential downard movement within the consolidation. The potential C wave is in progress. My advice is to watch for selling opportunities. The downard targets are set at the price of $6.176 and at the price of $5.850.
Support/Resistance
$6.440 – Intraday resistance
$6.345– Intraday support
$6.176 – Objective target 1
$5.850 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
According to the 30M time – frame, I found that Bitcoin is trading in a consolidation phase, which is a sign of indecision. Anyway, I found a potential downard movement within the consolidation. The potential C wave is in progress. My advice is to watch for selling opportunities. The downard targets are set at the price of $6.176 and at the price of $5.850.
Support/Resistance
$6.440 – Intraday resistance
$6.345– Intraday support
$6.176 – Objective target 1
$5.850 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.
The material has been provided by InstaForex Company – www.instaforex.com
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