Recently, Bitcoin has been trading downwards. As I expected, the price tested the level of $6.035. Anyway, according to the H1 time – frame, I found that agressive buyers entered the market, which is sign that selling looks risky. I also ofund a hidden bullish divergence on the macd oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities if you see a valid breakout of the bullish flag. The upward targets are set at the price of $6.315 and at the price of $6.385.
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
Recently, Bitcoin has been trading downwards. As I expected, the price tested the level of $6.035. Anyway, according to the H1 time – frame, I found that agressive buyers entered the market, which is sign that selling looks risky. I also ofund a hidden bullish divergence on the macd oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities if you see a valid breakout of the bullish flag. The upward targets are set at the price of $6.315 and at the price of $6.385.
6.240 Intraday resistance; $6.035– Intraday support; $6.315 – Objective target 1 ; $6.385 – Objective target 2 ;
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
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