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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 August 01, 2018

analytics5b618192c5881.png

Trading recommendations:

According to the H4 time - frame, I found that price rejected from the demand zone (support), which is a sign that selling looks risky. I also found the rejection of the upward trendline, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of $8.445.

Support/Resistance

$7.774– Intraday resistance

$7.413– Intraday support

$8.445 – Objective target

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