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.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Petar Jacimovic,
Chuyên gia phân tích của InstaForex
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