Bitcoin analysis for January 14, 2019

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Trading recommendations:

According to the 30M time – frame, I found that BTC has been trading downwards. The price tested the level of $3.439. I have also found the breakout of the bearish flag in the background, which is a sign that sellers are in control. Most recently, there is the intraday bearish flag in creation, which is another sign of weakness. My advice is to watch for a breakout of the flag to confirm further downward continuation. A downward target is set at the price of $3.327. The short-long term trend is bearish.

Support/Resistance

$3.550 – Intraday resistance

$3.445– Intraday support

$3.327 – Objective target

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