FX.co ★ Bitcoin analysis for July 27, 2018

Trading recommendations:

According to the H1 time - frame, I found a potential bearish flag pattern in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence in the background. My advice is to watch for potential brekaout of the bearish flag to confirm further downward continuation. The downward target is set at the price of $7.608.

Support/Resistance

$8.016 – Intraday resistance

$7.815– Intraday support

$7.608 – Objective target 1

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