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Bitcoin analysis for October 25, 2018

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Trading recommendations:

According to the H4 time - frame, I found that BTC is still trading inside of the trading range between the price of $6.456 (resistance) and the price of $6.319 (support). I also found that buying cliamx in the background, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the support to confirm further downward continuation. The downward targets are set at the price of $6.164 and at the price of $6.035.

Support/Resistance

$6.456 – Intraday resistance

$6.319– Intraday support

$6.164 – Objective target 1

$6.035 – Objective target 2

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