FX.co - BTC analysis for June 19,.2020 - Intraday buying climax and potential for the downside rotation towards the $9.330

2020-06-19T12:17:08

Relevance until2020-06-19

Trading recommendation:

BTC analysis for June 19,.2020 - Intraday buying climax and potential for the downside rotation towards the $9.330

Daily trend is still in the sideways regime and the reversion to the mean type of strategy is likely to benefit.

Watch for potential selling opportunities due to intraday buying climax and potential bear flag for the further downside.

The breakout of the rising channel would confirm downside movement towards the levels at $9,329, $9,317 and $9,245.

Resistance level is set at $9,424

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for June 19,.2020 - Intraday buying climax and potential for the downside rotation towards the $9.330