Bitcoin analysis for January 18, 2019 - ConsultFX

Bitcoin analysis for January 18, 2019


My yesterday's call is still active and profitable. I am still bullish on BTC from $3.575 but the level at $3.597 is a solid area to add another bullish position. It is the Fibonacci retracement 38.2%. Price is also near the lower Keltner band, which is a sign that intraday traders became exhausted. Watch for buying opportunities.

Trading recommendations for today: We are still long on BTC from $3.575 with upward targets at the price of $3.647 and $3.687 and protective stop below the level of $3.520.

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