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 September 04, 2018

September 4, 2018 Analytics

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Trading recommendations:

According to the 30M time – frame, I found that price made a double bottom formation in the background, which is a sign that selling looks risky. Price is also trading above the daily pivot ($7.238), which is another sign that buyers are in control. Watch for buying opportunities. The upward targets are set at the price of $7.324 (Resistance 1) and at the price of $7.381 (Resistance 2).

Support/Resistance

$7.296 – Intraday resistance

$7.238– Intraday support

$7.324 – Objective target 1

$7.381 – 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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