FX.co ★ Bitcoin analysis for June 22, 2018

Trading recommendations: According to the H1 time - frame, I found a broken rising channel in the background, which is a sign that sellers are in control. The trend is bearish. My advice is to watch for potential selling opportunities. I have placed Fibonacci expansion to find potential upward targets. I got Fibonacci expansion 61.8% at the price of $5.808 and Fibonacci expansion 100% at the price of $5.217.

Support/Resistance $6.755 – Intraday resistance; $6.100 – Intraday support; $5.808 – Objective target 1; $5.217 - Objective target 2.

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.