empty
 
 
18.10.2019 04:07 PM
BTC 10.18.2019 -Sellers in control, downward target set at 7.738

BTC has been trading exactly what I expected yesterday. The price did test the level of 1.779 and almost reached our target. Anyway, due to strong drop in the background, there is still chance for more downside.

This image is no longer relevant

Green rectangles – Support levels

Purple rising lines – Broken bearish flag

Falling purple line – Expected path

.My advice is to watch for selling opportunities on the rallies with the downward target at the price of 7.738. MACD is still in negative territory below the zero, which is good sign that sellers are in control. The potential breakout of support at 7.700 may lead us for potential test of 7.745.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback