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11.09.201814:10 Forex Analysis & Reviews: Bitcoin analysis for September 11, 2018

Long-term review

Exchange Rates 11.09.2018 analysis

Trading recommendations:

According to the H1 time - frame, I found a potential end of the upward correction (running flat abc) in the background, which is a sign that buying looks risky. I also found a potential end of the smaller abc upward correction, which is another sign of weakness. Watch for a breakout of the support trendline to confirm further downward continuation. The downward target is set at the price of $5.847.

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*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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