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 27, 2018

July 28, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found a potential bearish flag pattern in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence in the background. My advice is to watch for potential brekaout of the bearish flag to confirm further downward continuation. The downward target is set at the price of $7.608.

Support/Resistance

$8.016 – Intraday resistance

$7.815– Intraday support

$7.608 – Objective target 1

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

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