empty
 
 
15.11.2018 12:50 PM
Bitcoin analysis for November 15, 2018

This image is no longer relevant

Trading recommendations:

According to the H4 time - frame, I found strong sell-off on the BTC. As I warned you yesterday, BTC was ready to drop and that's what exactly happened. BTC tested the level of $5.288. Strong momentum is present and my advice is still to watch for selling opportunities. I have found 20-hour balance between the price of $5.690 (resistance) and the price of $5.288 (support). Watch for a breakout of the support to confirm further downward continuation. The downward target is set at the price of $4.895.

Support/Resistance

$5.690 – Intraday resistance

$5.288– Intraday support

$4.895 – Objective target 1

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

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback