empty
 
 
15.07.2019 03:19 PM
BTC 07.15.2019 - Downside pressure and bear flag pattern completed

Industry news:

Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.

Announced on Sunday and reported by CoinDesk Korea, the other founding firms include mobile carriers SK Telecom, LG Yuplus and KT, two banks – KEB Han and Wooriand – and government-founded securities infrastructure provider Koscom.

Technical view:

This image is no longer relevant

As I expected, BTC did hit both our targets from last week at the price of $10.714 and $9.772. The level of $9.722 seems like a good support for today but I still see more downside to come. Most recently, according to the H1 time-frame, I have found broken bearish flag and rejection of the intraday resistance at the price of $10.300 (yellow rectangle)

If BTC breaks the level of $9.722, there is a chance of testing the level of $9.156 (green rectangle). As long as the BTC is trading below $10,715 I would watch for selling opportunities. Important upward reference points are:

$10,300 – Previous swing low acting like resistance (yellow rectangle)

$10.715 – Previous hourly swing high Important

Downward reference points are:

$9.772 – Support (green rectangle)

$9.156 – Important swing low and FE 100%

Watch for selling opportunities on the rallies.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback