Trading recommendations:
According to the H4 time - frame, I found few doji candles near the level of $7.263, which is a sign that buyers got exhausted and that buying looks risky. The price broken the Tenkan-sen line, which is a sign that Bitcoin might visit next support level at $7.030 (Kijun-sen). My advice is to watch for selling opportunities. The downward targets are set at the price of $7.030 and at the price of $6.883.
Support/Resistance
Resistance - $7.296
Target 1 (Kijun-sen) - $7.030
Target 2 (Top of the cloud) - $6.883
With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.
