logo

FX.co ★ Bitcoin analysis for September 19, 2018

Bitcoin analysis for September 19, 2018

Bitcoin analysis for September 19, 2018

Trading recommendations:

According to the H1 time - frame, I found the breakout of the intraday support trendline, which is a sign that sellers are in control. I also found the next potential support level at the $6.208 (upward trendline) and my advice is to watch for selling opportunities. The downward targets are set at the price of $6.208 and at the price of $6.167. The short-term trend is downward.

Support/Resistance

$6.320 – Intraday resistance

$6.208 – Objective target 1

$6.167 – 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
Go to the articles list Go to this author's articles Open trading account