Bitcoin analysis for November 23, 2018

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Trading recommendations:

According to the H1 time - frame, BTC has traded downwards. As I expected, the price reached my yesterday's target at $4.032. Anyway, most recently I have found that rejection from the support at $4.032 and the BTC is now in the upward correction phase. My advice is still to watch for selling opportunities but wait for the breakout of the support to confirm further downward continuation. The short – term trend is bearish and my advice is to go with the direction of the trend. The downward target i set at the price of $3.257.

Support/Resistance

$4.323 – Intraday resistance

$4.032– Intraday support

$3.257 – Objective target

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