Bitcoin analysis for January 09, 2019

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Trading recommendations:

According to the 30M time - frame, I found that BTC reached my yesterday's upward target at $4.050. Anyway, I found strong rejection from the resistance at the price of $4.050, which is the warning sign for further upward movement. BTC is trading in a sideways mode now. Watch for potential selling opportunities. Downward targets are set at the price of $3.900 and at the price of $3.850.

Support/Resistance

$4.050 – Intraday resistance

$3.898– Intraday support

$.3.900 – Objective target 1

$3.850 – Objective target 2

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