Bitcoin analysis for December 03, 2018

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Trading recommendations:

According to the H1 time - frame, I found the upward breakout of the 6-hour balance, which is sign that buyers are in control today. I also found the rejection from the demand zone (blue shape), which is another sign that selling looks risky. My advice is to watch for buying opportunities. The upward targets are set at the price of $4.117 (Fibonacci expansion 61.8%) and at the price of $4.225 (swing high).

Support/Resistance

$4.000 – Intraday resistance

$3.870– Intraday support

$4.117– Objective target 1

$4.225 – Objective target 2

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