The Bitcoin is trading sideways at the price of $3.471 on a light volume.
White lines - bearish flag in creation
Most recently, I have found that a fake breakout of the resistance ($3.535) and hidden bearish divergence on the MACD oscillator, which is a sign of weakness in the background. Short-term resistance is set at the price of $3.545. For the downward continuation watch for a breakout of the short-term support at $3.440.
Trading recommendation: We will sell BTC on the breakout of support ($.3440). Profit target will be set at $3.388 and protective stop at $3.490.
The material has been provided by InstaForex Company - www.instaforex.com