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 19, 2018

October 19, 2018 Analytics

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Trading recommendations:

According to the H4 time – frame, I found that price is trying to break the key support at the level of $6.319 and on that way confirms the downward movement. I also found the buying climax in the background, which is a sign that buying looks very risky at this stage. Watch for a potetnial breakout of $6.319 (key support) to confirm further downward continuation. Downward take profit levels are set at the price of $6.233 at the price of $6.036.

Support/Resistance

$6.453 – Intraday resistance

$6.319– Intraday support

$6.233 – Objective target 1

$6.036 – Objective target 2

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