16.10.201813:09 Forex Analysis & Reviews: Bitcoin analysis for October 16, 2018

Long-term review

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Trading recommendations:

According to the H4 time - frame, I found that Bitcoin is in short-term balance. The high of the balance is set at the price of $6.710 and the low of the balance is set at the price of $6.163. Most recently, I have found that successful rejection of the support at $6.313, which is a sign that selling looks risky. My advice is to watch for buying opportunities. The upward take profit level is set at the price of $6.710.

Support/Resistance

$6.454 – Intraday resistance

$6.313– Intraday support

$6.710 – Objective target

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