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 24, 2018

September 24, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that Bitcoin might finish that current downward correction (abc flat) near the level of $6.565. The level of $6.555 is a strong support because it is also the swing high from the background. Be careful when selling Bitocin at this stage. My advice is to watch for a potential breakout of the supply trendline to confirm further upward continuation. The upward tarets are set at the price of $6.853 and at the price of $7.000.

Support/Resistance

$7.296 – Intraday resistance

$6.220– Intraday support

$6.853 – Objective target 1

$7.000 – 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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