FX.co ★ Bitcoin analysis for December 04, 2018

Trading recommendations:

According to the H1 time – frame, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term downward trend. Watch for selling opportunities. The downward targets are set at the price of $3.700 and at the price of $3.453.

Support/Resistance

$4.000 – Intraday resistance

$3.820– Intraday support

$3.700 – Objective target 1

$3.453 – Objective target 2

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