Bitcoin analysis for September 11, 2018

analytics5b97b071344f7.png

Trading recommendations:

According to the H1 time - frame, I found a potential end of the upward correction (running flat abc) in the background, which is a sign that buying looks risky. I also found a potential end of the smaller abc upward correction, which is another sign of weakness. Watch for a breakout of the support trendline to confirm further downward continuation. The downward target is set at the price of $5.847.

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

The material has been provided by InstaForex Company - www.instaforex.com