FX.co ★ Bitcoin analysis for November 20, 2018

Trading recommendations:

According to the H4 time - frame, I found that BTC reached my yesterday's target at $4.866. Anyway, I still see strong downward presure on BTC, which is a sign that buying looks very risky. I have placed Fibonacci expansion to find the next downward target and I got Fibonacci expansion 161.8% at the price of $3.254. Watch for selling opportunities.

Support/Resistance

$4.866 – Intraday resistance

$4.191– Intraday support

$3.254 – Objective target

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