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 09, 2018

October 9, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that Bitcoin is in a consolidation phase for the short term. My advice is to watch for a breakout of the resistance trendline to confirm further upward continuation. The take profit levels are set at the price of $6.659 and at the price of $6.750.

Support/Resistance

$6.617 – Intraday resistance

$6.505– Intraday support

$6.659 – Objective target 1

$6.750 – 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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