Bitcoin analysis for January 10, 2019 - ConsultFX

Bitcoin analysis for January 10, 2019


Trading recommendations:

According to the 30M time - frame, BTC has been trading downwards. As I expected, the price tested the level of $3.720 and met my yesterday's downward targets. I found strong selling pressure in the background, which is a sign that sellers are in conrtol. My advice is to wait for a potential bearish flag to confirm further downward continuation. The new downward targets are set at the price of $3.640 and at the price of $3.522 (Fibonacci expansion 100%).


$3.770 – Intraday resistance

$3.718– Intraday support

$3.640 – Objective target 1

$3.520 – Objective target 2

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