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Bitcoin analysis for November 13, 2018

analytics5beaa8db6897d.png

Trading recommendations:

According to the H4 time - frame, I found the breakout of the support trendline in the background, which is a sign that sellers are in contorl. I also found the buying climax in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.163 and at the price of $6.031.

Support/Resistance

$6.270 – Intraday resistance

$6.163– Intraday support

$6.163 – Objective target 1

$6.031 – Objective target 2

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