FX.co ★ Technical analysis of Bitcoin for May 15, 2018

The Bitcoin after they test the Support Become Resistance Zone (SBR) 8617.77 - 8851.55 level they now going to moving down for a test their next support at 8320.63 level this already indicated and confirmed by:

1. The Charts already making Up Broadening Channel (Weak Up Momentum).

2. The Stochastic Oscillator already making a Divergence between the price.

As long the 8864.55 cannot be breakout the Bitcoin still continue to test their next Support level at 8320.63.

(Disclaimer)

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.