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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Bitcoin analysis for May 24, 2018

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Trading recommendations:

According to the H1 time - frame, I found that price did successful breakout of bearish flag, which is sign that sellers are in control. The MACD oscillator is confirm strong bearish momentum. My advice is to watch for potential selling opportunities. The downward target is set at the price of $6.962 (Fibonacci expansion 161.8%).

Support/Resistance

$7.690 – Intraday resistance

$7.400– Intraday support

$6.960 – Objective target 1

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