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 October 05, 2018

October 5, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that price broke the supply trendline in the background, which is a sign of the strength. Most recently, I have found the intraday bullish fag in creation, which is a sign of consolidation before the potential upward continuation. Watch for the breakout of bullish flag pattern to confirm further upward continuation. The upward target is set at the price of $6.750.

Support/Resistance

$6.555 – Intraday resistance

$6.472– Intraday support

$6.750– Objective target

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

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