Bitcoin analysis for January 07, 2019 - ConsultFX

Bitcoin analysis for January 07, 2019


Trading recommendations:

According to the 30M time - frame, I found strong demand in the background and a bullish flag pattern in progress, which is a sign of potential upward continuation. My advice is to watch for a potential breakout of the bullish flag to confirm a further upward movement. The upward targets are set at the price of $4.087 and at the price of $4.184.


$4.050 – Intraday resistance

$3.926– Intraday support

$4.087 – Objective target 1

$4.184 – Objective target 2

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