Bitcoin analysis for August 21, 2018
According to the H1 time frame, I found that Bitcoin is in a consolidation phase. Anyway, my advice is to watch for potential buying opportunities if you see a valid breakout of the resistance trendline. I also found a hidden bullish divergence on the macd oscillator, which is another sign of strength. The profit targets are set at the price of $6,633 and at the price of $6,937.
$6,441 – Intraday resistance
$6,193– Intraday support
$6,633 – Objective target 1
$6,937 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.