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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 December 11, 2018

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Trading recommendations:

According to the H4 time - frame, I found that BTC is in a consolidation phase (potential bearish flag in creation), which is a sign that buying looks risky. The price is trading near the mid band of the Keltner channel. The short-mid term trend is down. My advice is to watch for selling opportunities if you see a breakout of the support trendline $3.200. The downward target is set at the price of $2.950.

Support/Resistance

$3.592 – Intraday resistance

$3.178– Intraday support

$2.950 – Objective target

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