09.07.201812:48 Forex Analysis & Reviews: Bitcoin analysis for July 09, 2018

Long-term review

Exchange Rates 09.07.2018 analysis

Trading recommendations:

Recently, Bitcoin has been trading sideways at the price of $6.660. Anyway, acccording to the H1 time - frame, I found a bullish flag pattern in progress, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities if you see a valid breakout of the bullish flag. The upard targets are set at the price of $6.825, $6.925 and at the price of $7.110.

$6.781. Intraday resistance; $6.630– Intraday support; $6.805 – Objective target 1;$6.925 - Objective target 2;$7.107 - Objective target 3 ;

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


Petar Jacimovic,
Analytical expert of InstaForex
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