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.
Technical analysis:
BTC has been trading sideways at the price of $11,000 Today is FOMC day and I would watch for the brekaout of the Bollinger conraction pattern to confirm further direction.
Trading recommendation:
The upside breakout of the resistance at $11,170 would confirm test of $11,650 and in that case you should watch for buying on the up break.
The downside breakout of support at $10,800 can lead BTC for test of $10,300 and in that case you should watch for selling on the down break
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade