23.10.201812:19 Forex Analysis & Reviews: Bitcoin analysis for October 23, 2018

Long-term review

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Trading recommendations:

According to the H4 time - frame, I found that BTC is still trading inside of the tranding range between the price $6.456 (resistance) and the price of $6.319. Since there is a buying climax in the background, my advice is to watch for a potential breakout of support to confirm a further downward movement. If you see a valid breakout of the support, watch for selling opportunities with the downward target at the price of $6.162.

Support/Resistance

$6.456 – Intraday resistance

$6.319– Intraday support

$6.162 – Objective target

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