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 28, 2018

September 28, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found the strong breakout of the intraday support trendline in the background, which is a sign that sellers are in control. My advice is to watch for selling opportunities if you see a valid breakout of major support trendline becasue that would confirm potential downward continuation and potential finishing of the C wave (abc flat correction). Downward targets are set at the price of $6.290 and at the price of $6.075.

Support/Resistance

$6.631 – Intraday resistance

$6.500– Intraday support

$6.290 – Objective target 1

$6.075 – 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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