According to the H1time – frame, I found that Bitcoin has been trading downwards. As I expected, the price tested the level of $6.361. I found the breakout of the bearish flag and fnished upward correction (abc flat) in the background. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.290 and at the price of $6.075.
Support/Resistance
$6.410 – Intraday resistance
$6.290– Intraday support
$6.290 – Objective target 1
$6.075 – 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 H1time – frame, I found that Bitcoin has been trading downwards. As I expected, the price tested the level of $6.361. I found the breakout of the bearish flag and fnished upward correction (abc flat) in the background. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.290 and at the price of $6.075.
Support/Resistance
$6.410 – Intraday resistance
$6.290– Intraday support
$6.290 – Objective target 1
$6.075 – 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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