Main Quotes Calendar Forum
flag

FX.co ★ Bitcoin analysis for January 23, 2019

parent
Crypto Analysis:::2019-01-23T11:53:00

Bitcoin analysis for January 23, 2019

Bitcoin analysis for January 23, 2019

Trading recommendations: Nothing has changed since my yesterday's analysis. BTC has failed to reach the Pitchfork median line, which is a sign that sellers are loosing power and the demand may increase. There is also a breakout of the Pitchfork diagonal (resistance) which is another confirmation of strength. The key support at the price of $3,420 held successfully and I expect further bullish movement. I also found the breakout of the bullish flag, which is another sign of strength.

Trading advice: We are bullish on BTC from $3,540 with the targets at $3,742 and $4,086. The protective stop is placed below $3,420.

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

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...