Bitcoin analysis for December 07, 2018

Trading 07 déc 2018 Donner votre avis


Trading recommendations:

According to the M15 time - frame, I found that BTC has been trading downwards. The price tested the level of $3.263. I also found that BTC is trading in the consolidation channel (a bearish flag), which is a potential re-distribution zone for more downside movement. My advice is to watch for a breakout of the support trendline to confirm further downward continuation. The downward target is set at the price of $2.961.


$3.380– Intraday resistance

$3.263– Intraday support

$2.961 – Objective target 1

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 -

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/ on line 1039