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26.09.201813:42 Forex Analysis & Reviews: Bitcoin analysis for September 26, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 26.09.2018 analysis

Trading recommendations:

According to the H1time - frame, I found that Bitcoin is in upward correction phase and that is trading in the upward channel. My advice is to watch for buying opportunities as long the upward trending is holding. The upward target is set at the price of $6.754. If you see a breakout of the upward trendline, watch for selling opportunities with the targets at $6.300 and at the price of $6.083.

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Petar Jacimovic
Analytical expert of InstaForex
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