Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Bitcoin analysis for November 07, 2018

November 7, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that BTC is trading sideways at around $6.477. I see the potential for the downward correction and my advice is to watch for potential selling opportunities if you see a valid break of the support at the level of $6.457. The breakout of the support would confirm a further downward movement and potential testing of $6.400 (support).

Support/Resistance

$6.507 – Intraday resistance

$6.457– Intraday support

$6.400 – Objective target

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The material has been provided by InstaForex Company – www.instaforex.com

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