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Bitcoin analysis for November 02, 2018

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Trading recommendations:

According to the H1 time - frame, I found that buyers are in control today on BTC. I have also found the breakout of the supply trendline, which is a sign to watch for buying opportunities. My advice is to watch for opening buy deals with upward targets at the price of $6.344 and at the price of $6.380.

Support/Resistance

$6.344 – Intraday resistance

$6.294– Intraday support

$6.344 – Objective target 1

$6.380 – Objective target 2

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