empty
 
 
19.09.2017 01:52 PM
Bitcoin analysis for September 19, 2017

This image is no longer relevant

The Bitcoin (BTC) has been trading upwards. The price tested the level of $4,115. Anyway, the news from China are not so good for Bitcoin. The Chinese authorities may be moving toward a broad clampdown on Bitcoin, including peer-to-peer (P2P) exchanges and over-the-counter (OTC) trading platforms. Using the Great Firewall to block IP addresses, access to foreign bitcoin exchanges could be blocked and the Bitcoin transaction network could be disrupted within the country. Bitcoin miners are also worried that their operations could be restricted.

Trading recommendations:

According to the 30M time frame, I found a fake breakout of yesterday's high at the price of $4,092, which is a sign that buying looks risky. There is an intraday bullish flag, which is another sign of weakness. My advice is to watch for potetnial selling opportunities. The downward targets are set at the price of $3.841 and $3.641.

Support/Resistance

$4.092 – Intraday resistance (price action)

$3.841 – Intraday support (price action)

$3.641 – Support (price action)

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