empty
12.08.2019 08:31 AM
Control zones for Bitcoin on 08/12/19

At the end of last week, bitcoin fixed below the balance mark. This suggests the need to sell and fix part of the purchase. If the decline will take place within the average monthly move, the target will be $10,000 per bitcoin. This should be taken into account when opening short positions.

This image is no longer relevant

While bitcoin is trading under the balance mark, it is not necessary to look for opportunities to buy until a significant medium-term support is achieved. Last week's minimum can become a point that will determine the priority for the next 5 trading days. If there is a consolidation below this minimum, the probability of a further fall will increase to 70%.

This image is no longer relevant

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on May 21? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD The GBP/USD pair mainly traded sideways on Tuesday, but early Wednesday morning it surged upward. On the 4-hour timeframe, it's clear that

Paolo Greco 06:17 2025-05-21 UTC+2

How to Trade the EUR/USD Pair on May 21? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair traded sideways, but it resumed its upward movement early Wednesday morning. This indicates that the ongoing

Paolo Greco 06:17 2025-05-21 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 21: The British Pound Remains in a Flat Range

The GBP/USD currency pair continued to trade within the boundaries of a sideways channel on Tuesday, which has existed for over a month and is clearly visible. While on Monday

Paolo Greco 03:48 2025-05-21 UTC+2

Trading Recommendations and Analysis for EUR/USD on May 21: The Euro Continues to Climb

The EUR/USD currency pair mostly traded sideways throughout Tuesday. Unlike Monday, traders had no formal reason to sell the dollar, something they've been doing frequently lately. As a reminder, Monday's

Paolo Greco 03:48 2025-05-21 UTC+2

How to Trade the GBP/USD Pair on May 20? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD Throughout Monday, the GBP/USD pair continued its upward movement, and at first glance, it might seem that a new uptrend is forming

Paolo Greco 05:40 2025-05-20 UTC+2

How to Trade the EUR/USD Pair on May 20? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD The EUR/USD currency pair surged upward on Monday with renewed strength. But what justified this move, given that Monday's macroeconomic and fundamental

Paolo Greco 05:40 2025-05-20 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 20: The Pound Keeps Seizing Every Opportunity

The GBP/USD currency pair continued its upward movement on Monday, which began last week. The price successfully broke through both Ichimoku indicator lines, so from a technical standpoint, the trend

Paolo Greco 04:09 2025-05-20 UTC+2

Trading Recommendations and Analysis for EUR/USD on May 20: The Dollar Is Looking for Reasons to Fall

The EUR/USD currency pair showed a relatively substantial rise on Monday. We believe there was no macroeconomic or fundamental justification for such a sharp depreciation of the U.S. dollar that

Paolo Greco 04:09 2025-05-20 UTC+2

How to Trade the EUR/USD Pair on May 19? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair declined significantly in price, despite no macroeconomic or fundamental reasons. However, the downward trend

Paolo Greco 08:19 2025-05-19 UTC+2

Trading Recommendations and Analysis for GBP/USD on May 19: The Pound Feels Comfortable in a Flat Market

On Friday, the GBP/USD currency pair mainly traded downward throughout the day but closed with only a minor decline. This was mostly because the dollar weakened during the Asian session

Paolo Greco 04:42 2025-05-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.