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Bitcoin analysis for November 15, 2018

analytics5bed4ef0d43cf.png

Trading recommendations:

According to the H4 time - frame, I found strong sell-off on the BTC. As I warned you yesterday, BTC was ready to drop and that's what exactly happened. BTC tested the level of $5.288. Strong momentum is present and my advice is still to watch for selling opportunities. I have found 20-hour balance between the price of $5.690 (resistance) and the price of $5.288 (support). Watch for a breakout of the support to confirm further downward continuation. The downward target is set at the price of $4.895.

Support/Resistance

$5.690 – Intraday resistance

$5.288– Intraday support

$4.895 – Objective target 1

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