19.07.201811:28 Forex Analysis & Reviews: Bitcoin analysis for July 19, 2018

Long-term review

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Trading recommendations:

Recently, Bitcoin has been trading sideways at the price of $7,297. Anyway, according to the H1 time frame, I found a potential end of the downward correction (expanded flat), which is a sign that selling looks risky. I also found the intraday symmetrical triangle in creation, which is another sign that selling looks risky. My advice is to watch for potential breakout of the symmetrical triangle to confirm further upward continuation. The upward targets are set at the price of $7,557 and $7,731.

$7,356 - Intraday resistance; $7,197 – Intraday support; $7,557 – Objective target 1; $7,731 - Objective target 2;

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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