Bitcoin analysis for May 15, 2018 888011000 110888 The Bitcoin(BTC)has been trading sideways at the price of$8.683. Popular crypto payment processor, Bitpay, revealed a formal contract with Florida’s Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core(BTC)and bitcoin money (BCH)can now both be utilized for tax payments, starting this summer season. County residents can pay in cryptocurrencies for motorist licenses, ID cards, and even property taxes. The tTechnical picture on Bitcoin looks neutral to bearish.Trading recommendations: According to the H1 time-frame, I discovered that Bitcoin is selling the consolidation zone(channel ). I also found rejection of the upper diagonal and a bearish flag in production, which is a sign that buying looks risky. If you see a legitimate breakout of the bearish flag, my suggestions is to view for prospective selling opportunities. Thedownward targets are set at the price of$8.500 and at the rate of$8.356 Support/Resistance$8.760– Intraday resistance$8.570– Intraday support$8.503– Objective target 1$8.356– Unbiased target 2 With InstaForex you can earn on cryptocurrency’s movements today.Just open a handle your MetaTrader4.The material has been supplied by InstaForex Company-www.instaforex.com

By | May 15, 2018

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