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18.01.201913:47 Forex Analysis & Reviews: Bitcoin analysis for January 18, 2019

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 18.01.2019 analysis

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.

Petar Jacimovic
Analytical expert of InstaForex
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