Bitcoin analysis for January 11, 2018 888011000 110888 Bitcoin(BTC )has been trading downwards. As I anticipated, the price checked the level of$12.594(first target fulfilled). Jamie Dimon of JP Morgan Chase states he is sorry for calling bitcoin a fraud. Now, legacy bank Goldman Sachs is officially recognizing how cryptocurrencies such as bitcoin could act as global loan.2018 might be forming up to be the year bitcoin gets more mainstream than ever. The technical photo looks bearish.Trading recommendations: According to the 4H time-frame, the bearish pennant is progresing very good. The hidden bearish divergence in the backgorund is now verified. My suggestions is to look for offering opportunities. The downward targets are set at the cost of$10.651 and at the prrice of$8.225. Support/Resistance$14.902– Intraday resistance(cost action)$12.594– Intraday assistance$10.651– Objective target 1$8.225– Unbiased target 2 With InstaForex you can make on cryptocurrency’s movements today.Just open a deal in your MetaTrader4.The product has actually been supplied by InstaForex

By | January 11, 2018

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