Bitcoin analysis for October 26, 2018


Trading recommendations: According to the H4 time - frame, I found that BTC is still trading inside of the tranding range between the price of $6.456 (resistance) and the price of $6.319 (support). My advice is to watch for a breakout of support or resistance to confirm a further direction. If you see a breakout of resistance, watch for an upward target at $6.710. Alternatively, if you see a breakout of support, watch for a downward target at $6.162.


$6.710 – Bullish objective target

$6.162 – Bearish objective target

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 -