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 July 20, 2018

July 20, 2018 Analytics

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Trading recommendations:

Recently, Bitcoin has been trading sideways at the price of $7,426. Anyway, according to the H1 time frame, I found a potential end of the downward correction (expanded flat), which is a sign that selling looks risky. I also found a broken intraday supply trendline, which is another sign of the strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $7.548 and at the price of $7.725.

$7,525 – Intraday resistance; $7,305 – Intraday support; $7,548 – Objective target 1; $7,725 – Objective target 2;

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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