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Bitcoin analysis for November 14, 2018

analytics5bebef3f6cf9a.png

Trading recommendations:

According to the H4 time - frame, I found that price did a successful breakout of the upward trendline in the background, which is a sign that sellers are in control. I have also found a buying climax in the background, which is another big 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

$6.191– Intraday support

$6.163 – Objective target 1

$6.031 – Objective target 2

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