Bitcoin analysis for August 24, 2018
According to the H4 time – frame, I found the buying climax in the background and the absorption of the climax, which is a sign that buying looks risky. I also found the key resistance zone at the price of $6,580 and my advice is to watch for selling opportunities. Watch for a breakout of upward trendline to confirm further downward movement. The downward target is set at the price of $5,845.
$6.580 – Resistance cluster
$6.350– Intraday support
$5.845 – Objective target
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