Bitcoin analysis for August 27, 2018

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Trading recommendations:

According to the H4 time - frame, I found that price got big troubles to go above the key resistance level at $6.682. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6.218 and at the price of $5.853.

Support/Resistance

$6.682 – Intraday resistance

$6.525– Intraday support

$6.218 – Objective target 1

$5.853 – Objective target 2

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