Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

0

No products in the cart.

Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Bitcoin analysis for October 01, 2018

October 1, 2018 Analytics

[ad_1]

analytics5bb1fb591d03c.png

Trading recommendations:

According to the H1 time – frame, I found that price is trading inside of the potential bearish flag, which is a sign that buying looks risky. In my opinion, the potential upward correction (abc flat) may end hear the price of $6,600. My advice is to watch for a potential breakout of the bearish flag to confirm further downward continuation. The downward targets are set at the price of $6,305 and at the price of $6,075.

Support/Resistance

$6.600 – Intraday resistance

$6.473– Intraday support

$6.305 – Objective target 1

$6.075 – 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

[ad_2]

Source link

Write a comment