Bitcoin analysis for November 07, 2018
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).
$6.507 – Intraday resistance
$6.457– Intraday support
$6.400 – Objective target
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.