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Table of contents

  1. Technical analysis:
    1. Trading recommendation:

      Technical analysis:

      the main cryptocurrency bitcoin has a potential breakout grafika numer 1

      BTC has been trading sideways at the price of $19.580 and I can see that triangle pattern is in creation.

      Trading recommendation:

      Due to the sideways condition and triangle in creation, watch for potential breakout to confirm further direction.

      In case of the breakout of the resistance level at $19.700, watch for the buying opportunities on the intraday dips with the upside objective at $20.270

      In case of the downside breakout of the triangle pattern, watch for selling opportunities with the downside objective at the price of $18.900

      Relevance up to 09:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

      Read more: https://www.instaforex.eu/forex_analysis/294987

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