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Bitcoin analysis for August 03, 2018

analytics5b6304bde8413.png

Trading recommendations:

According to the 30M time frame, I found that price is trading inside of the trading range between the price of $7.740 (resistance) and at the price of $7.414 (support). Anyway, I found a breakout of the pivot level, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $7.413 and at the price of $7.325.

Support/Resistance

$7.652 – Intraday resistance

$7.533– Pivot level

$7.413 – Objective target 1

$7.325 – Objective target 2

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