Bitcoin analysis for November 01, 2018
According to the H1 time – frame, I found that BTC reached my downward taget at the price of $6.174. Anyway, the price rejected strongly after the test of support but we got another potential buying climax, which is a sign that buying around $6.270 looks risky. My advice is to watch for a potential breakout of support at $6.250 to confirm a further downard movement. The downward target is set at the price of $6.173.
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.