FX.co ★ Bitcoin analysis for August 13, 2018

Trading recommendations:

According to the 30M time frame, I found that price failed to go through resistance 1 at the price of $6,463, which is sign that buying looks risky. I also found a low close doji (LCD) pattern, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6,284 ( daily pivot) and at the price of $6,100.

Support/Resistance

$6,463 – Intraday resistance

$6,284– Intraday support

$6,284 – Objective target 1

$6,100 – Objective target 2

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