Bitcoin analysis for June 29, 2018


Trading recommendations:

According to the H1 time frame, I found a potential end of the downward correction (flat abc), which is a sign that selling looks risky. I also found also a fake breakout of the support at the price of $5.808, which is another sign of strength. My advice is to watch for potential breakout of the intraday supply trendline to confirm further upward movement. The upward targets are set at the price of $6.323 and at the price of $6.675.

$5.915 – Intraday resistance; $5.735 – Intraday support; $6.323 – Objective target 1$6.675 - Objective target 2

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