FX.co ★ Bitcoin analysis for January 16, 2019

Trading recommendations:

According to the 30M time - frame, I found that BTC made a successful test of the upper Keltner band and the supply trendline at the price of $3.583, which is a sign that buying looks very risky. I also found that price is trading inside of the downward channel and that you should watch for selling opportunities. Key intraday support is set at the price of $3.536.

Trading advice : We will sell BTC on the breakout of the $3.536. Profit targets are set at the price of $3.500 and at the price of $3.440.

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