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 26, 2018

October 28, 2018 Analytics

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Trading recommendations: According to the H4 time – frame, I found that BTC is still trading inside of the tranding range between the price of $6.456 (resistance) and the price of $6.319 (support). My advice is to watch for a breakout of support or resistance to confirm a further direction. If you see a breakout of resistance, watch for an upward target at $6.710. Alternatively, if you see a breakout of support, watch for a downward target at $6.162.

Support/Resistance

$6.710 – Bullish objective target

$6.162 – Bearish objective target

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

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