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FX.co ★ Bitcoin analysis for December 13, 2018

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Crypto Analysis:::2018-12-13T11:30:06

Bitcoin analysis for December 13, 2018

Bitcoin analysis for December 13, 2018

Trading recommendations:

According to the H1 time - frame, I found that BTC is trading in the sideways mode at the price of $3.351. According to the H1 time – frame, I have found that there is successful rejection of the support trendline and broken supply trendline at the same time, which is a sign that buyers are in control. As long the BTC is trading in the defined upward channel, you should watch for buying opportunities. My advice is to watch for buying opportunities. The upward targets are set at the price fo $3.451, $3.514 and at the price of $3.667.

Support/Resistance

$3.451 – Intraday resistance

$3.255– Intraday support

$3.451 – Objective target 1

$3.514 – Objective target 2

$3.667 – Objective target 3

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

Analyst InstaForex
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