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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 23, 2018

analytics5b7e980e9cb81.png

Trading recommendations:

According to the H4 time - frame, I found that BTC price rejected from the strong resistance zone ($6.803) in the background, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of $5.845.

Support/Resistance

$6.210 – Intraday resistance

$6.576– Intraday support

$5.845– Objective target 1

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