Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Bitcoin analysis for August 09, 2018

August 9, 2018 Analytics

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Trading recommendations:

According to the 30M time frame, I found selling climax in the background, which signs that strength. I also found a successful testing of supply on low volume, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $6.479 and at the price of $6.722.

Support/Resistance

$6.322 – Intraday resistance

$6.092– Intraday support

$6.479 – Objective target 1

$6.722 – 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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