Bitcoin analysis for September 12, 2018

analytics5b99100699412.png

Trading recommendations:

According to the H1 time - frame, I found that price broke the support trendline in the background, which is a sign that buying looks risky. I also found a potential end of the upward correction (abc running flat) in the background, which is another sign of weakness. Watch for selling opportunities. 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