FX.co ★ Bitcoin analysis for August 14, 2018

Trading recommendations:

According to the H1 time - frame, I found that Bitcoin is in the upward corrective phase but it is going on slow tempo, which is a sign that buyers don't have enough power for larger upward correction. The trend is downward and my advice is to watch for potential selling opportuntiies if you see a breakout of the support trendline. The downward target is set at the price of $5.709.

Support/Resistance

$6.115 – Intraday resistance

$5.838– Intraday support

$5.709 – Objective target

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