FX.co ★ Bitcoin analysis for November 21, 2018

Trading recommendations:

According to the H1 time - frame, I found that BTC is trading in the upward correction phase, which is sign that buying looks risky. The trend is still bearish and my advice is to watch for potential breakout of the bearish flag to confirm further downward continuation. The next downward target is set at the price of $3.248 (Fibonacci expansion 161.8%).

Support/Resistance

$4.717– Intraday resistance

$4.018– Intraday support

$3.248 – Objective target

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