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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 14, 2019

analytics5c3c75c57a7f6.png

Trading recommendations:

According to the 30M time - frame, I found that BTC has been trading downwards. The price tested the level of $3.439. I have also found the breakout of the bearish flag in the background, which is a sign that sellers are in control. Most recently, there is the intraday bearish flag in creation, which is another sign of weakness. My advice is to watch for a breakout of the flag to confirm further downward continuation. A downward target is set at the price of $3.327. The short-long term trend is bearish.

Support/Resistance

$3.550 – Intraday resistance

$3.445– Intraday support

$3.327 – Objective target

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