Bitcoin analysis for August 21, 2018

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Trading recommendations:

According to the H1 time frame, I found that Bitcoin is in a consolidation phase. Anyway, my advice is to watch for potential buying opportunities if you see a valid breakout of the resistance trendline. I also found a hidden bullish divergence on the macd oscillator, which is another sign of strength. The profit targets are set at the price of $6,633 and at the price of $6,937.

Support/Resistance

$6,441 – Intraday resistance

$6,193– Intraday support

$6,633 – Objective target 1

$6,937 – Objective target 2

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