Bitcoin analysis for November 01, 2018

analytics5bdadd6fe8f62.png

Trading recommendations:

According to the H1 time - frame, I found that BTC reached my downward taget at the price of $6.174. Anyway, the price rejected strongly after the test of support but we got another potential buying climax, which is a sign that buying around $6.270 looks risky. My advice is to watch for a potential breakout of support at $6.250 to confirm a further downard movement. The downward target is set at the price of $6.173.

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

The material has been provided by InstaForex Company - www.instaforex.com