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 25, 2018

July 25, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that price broke the upward trendline in the backgorund, which is a sign that sellers are in control. I aslo found a hidden bearish divergence on the LBR oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $7.630 and at the price of $7.321.

Support/Resistance

$8.196 – Intraday resistance

$8.116– Intraday support

$10.130 – Objective target 1

$9.980 – 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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