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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 January 15, 2019

analytics5c3dd8a965198.png

Trading recommendations:

According to the H4 time - frame, I found that BTC created a potential double bottom pattern, which is a sign that selling looks risky. I have also found that therer is the bullish impulsive wave in the background and hidden bullish divergence on the LBR oscillator, which is another sign of the potential strength. My advice is to watch for buying opportunities if you see breakout of the potential bullish flag. The breakout of the $3.672 would confirm potential test of $3.910.

Support/Resistance

$3.670 – Intraday resistance

$3.440– Intraday support

$3.910 – Objective target

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