FX.co - BTC analysis for November 18,.2020 - Balancing mode on BTC and potential for the downside rotation towards $17.700

2020-11-18T12:14:07

Relevance until2020-11-19

Further Development

BTC analysis for November 18,.2020 - Balancing mode on BTC and potential for the downside rotation towards $17.700

Analyzing the current trading chart of BTC, I found that BTC is trading flat last 4 hours and I see potential for the downside rotation.

Stochastic oscillator is in the overbought zone and the BTC is on the extended run.

The breakout of support at $18,000 will confirm further downside movement.

Key Levels:

Resistance: $18,300 and $18,465

Support levels: $1,850 and $1,820.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for November 18,.2020 - Balancing mode on BTC and potential for the downside rotation towards $17.700