empty
 
 
19.01.2018 02:28 PM
Bitcoin analysis for January 19, 2017

This image is no longer relevant

Bitcoin (BTC) has been trading sideways at the price of $11.750. South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country's Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous year. Technical picture looks neutral.

Trading recommendations:

According to the 30M time - frame, I found a potential bearish pennant pattern in creation, which is a sign that market is in the consolidation phase and that resistance near the price of $12.615 might be on the test. My advice is to watch for potential selling opportunities near the resistance and then to watch for a potential bearish breakout of the pennant support to confirm a further downward continuation.

Support/Resistance

$11.856 – Intraday resistance

$12.615– Short-term resistance

$11.022 – Intraday support

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback