According to the 4H time – frame, I found that Bitcoin has been trading upwards. As I expected, the price tested the level of $6.719 and reached my second target from Friday at $6.496. So far, I have found the market started to balance and I have found a balance high at $6.718 and a balance low at the price of $6.157. My advice is to have patience to wait for a breakout out of balance to confirm a further direction.
Support/Resistance
$6.718 – Intraday resistance
$6.157– Intraday support
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 4H time – frame, I found that Bitcoin has been trading upwards. As I expected, the price tested the level of $6.719 and reached my second target from Friday at $6.496. So far, I have found the market started to balance and I have found a balance high at $6.718 and a balance low at the price of $6.157. My advice is to have patience to wait for a breakout out of balance to confirm a further direction.
Support/Resistance
$6.718 – Intraday resistance
$6.157– Intraday support
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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