Trading recommendations:
According to the H4 time - frame, I found strong sell-off on the BTC. As I warned you yesterday, BTC was ready to drop and that's what exactly happened. BTC tested the level of $5.288. Strong momentum is present and my advice is still to watch for selling opportunities. I have found 20-hour balance between the price of $5.690 (resistance) and the price of $5.288 (support). Watch for a breakout of the support to confirm further downward continuation. The downward target is set at the price of $4.895.
Support/Resistance
$5.690 – Intraday resistance
$5.288– Intraday support
$4.895 – Objective target 1
With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.
