According to the H1 time – frame, I found that BTC reached my yesterday’s target at $3.543 but it found sellers there at Fibonaci expansion 100%. I also found the breakout of the intraday support trendline, which indicates that sellers are in control today. My advice is to watch for intraday selling opportunities. The downward targets are set at the price of $3.342 and at the price of $3.251.
Support/Resistance
$3.543 – Intraday resistance
$3.342– Intraday support
$3.342 – Objective target 1
$3.251 – 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 H1 time – frame, I found that BTC reached my yesterday’s target at $3.543 but it found sellers there at Fibonaci expansion 100%. I also found the breakout of the intraday support trendline, which indicates that sellers are in control today. My advice is to watch for intraday selling opportunities. The downward targets are set at the price of $3.342 and at the price of $3.251.
Support/Resistance
$3.543 – Intraday resistance
$3.342– Intraday support
$3.342 – Objective target 1
$3.251 – 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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