Main Quotes Calendar Forum
flag

FX.co ★ Bitcoin analysis for January 30, 2019

parent
Crypto Analysis:::2019-01-30T13:30:11

Bitcoin analysis for January 30, 2019

Bitcoin analysis for January 30, 2019

Bitcoin has been trading sideways at the price of $3.420. Our view from yesterday is still active. Since the key support cluster at $3.420 is broken and successfully retested, we expect downward continuation. I also found a successful breakout of the mini upward Pitchfork channel, which is another sign of underlying weakness.The short-mid term trend is bearish and you should go with the direction of the overall trend.

R1: $3.442

R2: $3.489

R3: $3.538

Pivot: $3.392

S1: $3.345

S2: $3.295

S3: $3.248

Trading recommendation: We are still short BTC/USD from $3.392 and with the target at $3.107. Protective stop is placed at the price of $3.550

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...