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 23, 2018

August 23, 2018 Analytics

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Trading recommendations:

According to the H4 time – frame, I found that BTC price rejected from the strong resistance zone ($6.803) in the background, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of $5.845.

Support/Resistance

$6.210 – Intraday resistance

$6.576– Intraday support

$5.845– Objective target 1

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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