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 14, 2018

September 14, 2018 Analytics

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Trading recommendations:

According to the H4 time – frame, I found that price broke the resistance trendline in the background, which is a sign that buyers are in control. I also found the potential start of the rising channel, which also indicates that buying opportunities are preferable. I placed Fibonacci retracement to find a potential upward target and I got Fibonacci retracement 61.8% at the price of $6.855. Watch for buying opportunities.

Support/Resistance

Support cluster – $6.380

Upward target – $6.855

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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