empty
 
 
20.02.2019 01:24 PM
Bitcoin analysis for February 20, 2019

This image is no longer relevant

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.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback