Bitcoin analysis for October 02, 2018

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Trading recommendations:

According to the H1 time - frame, I found that price broke intraday upward trendline in the background, which is a sign that sellers are in control. I also found potential ending of the upward correction (abc zig-zag), which is another sign of weakness. I expect lower price and potential testing of $6.294 (take profit 1) and $6.075 (take profit 2). Watch for selling opportunities.

Support/Resistance

$6.560 – Intraday resistance

$6.442– Intraday support

$6.294 – Objective target 1

$6.075 – Objective target 2

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