Bitcoin analysis for January 03, 2019 - ConsultFX

Bitcoin analysis for January 03, 2019


Trading recommendations:

Nothing has changed relative to yesterday's forecast and the BTC is trading sidewas with a slow tempo. According to the H1 time - frame, I found a breakout of the rising channel, which is a sign of changing in trend behaivor from bullish to bearish. I also found a confirmed double top formation and hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $3.387 and at the price of $3.100.


$3.933 – Intraday resistance

$3.642– Intraday support $3.383 – Objective target 1

$3.100 – Objective target 2

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