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03.09.201813:42 Forex Analysis & Reviews: Bitcoin analysis for August 03, 2018

Long-term review

Exchange Rates 03.09.2018 analysis

Trading recommendations:

According to the H4 time - frame, I found few doji candles near the level of $7.263, which is a sign that buyers got exhausted and that buying looks risky. The price broken the Tenkan-sen line, which is a sign that Bitcoin might visit next support level at $7.030 (Kijun-sen). My advice is to watch for selling opportunities. The downward targets are set at the price of $7.030 and at the price of $6.883.

Support/Resistance

Resistance - $7.296

Target 1 (Kijun-sen) - $7.030

Target 2 (Top of the cloud) - $6.883

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*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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