FX.co ★ BTC 11.14.2019 - Sellers in control, Ichimoku analysis

Bitcoin has been trading downwards. The price reached our first downward target from yesterday at the price of $8.540. Watch for selling opportunities due to the current downward trend. Main downward target is still set at the price of $7.500.

Ichimoku analysis:

Multi frame Ichimoku sitation:

H1 – Below the Cloud

H4 - Below the cloud

Daily - Inside of the Cloud

Currently, BTC is trading below the support (Tenkan-sen) at the price of 8.600. Resistance levels are set at the price of $8.670 (Tenkak-sen) and $8.800 (Kijun-sen).BTC did the breakout of the Ichimoku cloud to the downside and I see more downside in the next period.