Main Quotes Calendar Forum
flag

FX.co ★ Bitcoin analysis for February 12, 2019

parent
Crypto Analysis:::2019-02-12T11:21:32

Bitcoin analysis for February 12, 2019

Bitcoin analysis for February 12, 2019

Bitcoin made a successful breakout of the symmetrical triangle in the background, which is a sign that sellers took control from the buyers. As long as the price is trading below the supply trendline (white line), you should watch for selling opportunities. The key short-term support is set at the price of $3.593 (pullback low after the spike).

Trading recommendation: We are short on Bitcoin from $3.645. Targets are set at the price of $3.593 and $3.543. Protective stop is placed at $3.717.

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...