FX.co ★ Bitcoin analysis for November 14, 2018

Trading recommendations:

According to the H4 time - frame, I found that price did a successful breakout of the upward trendline in the background, which is a sign that sellers are in control. I have also found a buying climax in the background, which is another big sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.163 and at the price of $6.031.

Support/Resistance

$6.270 – Intraday resistance

$6.191– Intraday support

$6.163 – Objective target 1

$6.031 – Objective target 2

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