Bitcoin analysis for August 20, 2018

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Trading recommendations:

According to the 30M time - frame, I found that Bitcoin is trading in a consolidation phase, which is a sign of indecision. Anyway, I found a potential downard movement within the consolidation. The potential C wave is in progress. My advice is to watch for selling opportunities. The downard targets are set at the price of $6.176 and at the price of $5.850.

Support/Resistance

$6.440 – Intraday resistance

$6.345– Intraday support

$6.176 – Objective target 1

$5.850 – Objective target 2

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