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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 September 20, 2018

analytics5ba3b2b425f32.png

Trading recommendations:

According to the H1 time - frame, I found that price rejected from the supply trendline in the background, which is a sign that buying looks risky around the level of $6.450. I also found an intraday support trendline and my advice is to watch for a breakout fo confirm a further downward movement. The downawrd target is set at the price of $6.084.

Support/Resistance

Major resistance - $6.450

Major support - $6.084.

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