logo

FX.co ★ Bitcoin analysis for November 29, 2018

Bitcoin analysis for November 29, 2018

Bitcoin analysis for November 29, 2018

Trading recommendations:

According to the H1 time - frame, I found that BTC has been trading upwards. The price tested the level of $4.296. I also found that strong resistance at the price of $4.070 now became the support, which is sign that selling looks risky and that buyers are in control. My advice is to watch for buying opportunities. The upward target is set at the price of $4.717.

Support/Resistance

$4.320 – Intraday resistance

$4.070– Intraday support

$4.717 – Objective target

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account