Main Quotes Calendar Forum
flag

FX.co ★ Bitcoin analysis for February 20, 2019

parent
Crypto Analysis:::2019-02-20T11:24:52

Bitcoin analysis for February 20, 2019

Bitcoin analysis for February 20, 2019

BTC has been trading sideways at the price of $4.013. The momentum is still bullish and there are no signs of a reversal yet.

We found a potential end of the downward correction (running flat abc), which is a sign that buyers may resume the uptrend. Intrarday resistance is set at $4.031 and intraday support at $3.900.

Trading recommendation: We are still neutral on BTC but you can buy aggressively from $4.000 with protective stop at $3.900. Profit targets are set at $4.195 and $4.360.

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...