Bitcoin analysis for August 15, 2018
According to the 30M time frame, I found that price rejected from the pivot resistance cluster (weekly pivot and daily R2) at the price of $6.445. I also found broken upward channel and hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6.045 and at the price of $5.840.
$6.455 – Intraday resistance
$6.240– Intraday support
$6.045 – Objective target 1
$5.840 – Objective target 2
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