Bitcoin analysis for July 26, 2018

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Trading recommendations:

According to the H1 time frame, I found a potential bearish flag in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $8.023, 7.865 and at the price of $7.615.

Support/Resistance

$8.270 – Intraday resistance

$8.023– Intraday support

$8.023 – Objective target 1

$7.865 – Objective target 2

$7.615 – Objective target 3

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