BITCOIN Analysis for February 13, 2019

Trading 13 fév 2019 Donner votre avis

Bitcoin recently formed a Descending Triangle pattern while residing and correcting above $3,600 with a daily close. The price rejected off the triangle resistance for a several times. The price has skewed quite tightly and a breakout above is expected to lead the price higher towards $4,000 resistance area in the coming days. The volume at the current corrective period is very low while a break above the triangle resistance is expected to lead to impulsive bullish pressure in the overall bias. As the price remains above $3,500-600 with a daily close, the bullish pressure is expected to push the price higher an impulsive momentum.

SUPPORT: 3,500, 3,600

RESISTANCE: 4,000, 4,250

BIAS: BEARISH

MOMENTUM: VOLATILE

analytics5c63fc6fd0b14.png

The material has been provided by InstaForex Company - www.instaforex.com

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039