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 29, 2018

August 29, 2018 Analytics

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Trading recommendations:

According to the H4 time – frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. The projected target is set at the price of $7.444.00.

Support/Resistance

$7.088 – Intraday resistance

$6.953– Intraday support

$7.444 – Objective target

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The material has been provided by InstaForex Company – www.instaforex.com

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