BTC/USD Medium-term Trend: Ranging
Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,500, $4,400, $4,300
Yesterday, November 21, the price of Bitcoin was in a sideways trend. On November 20, the digital currency fell to its low at $4,534.90 and commenced a range bound movement above that price level. The price above $4,500 has been sustained in the last three days. The appearance of Doji and spinning tops candlesticks describe the indecision of buyers and sellers at this price level.
Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. From the price action, if price is resisted by the EMAs then the crypto's price is likely to fall. On the other hand, if price breaks the EMAs, the crypto's price is likely to rise.
BTC/USD Short-term Trend: Ranging
On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price of the digital currency broke the 12-day EMA and the 26-day EMA as price moves to the bullish trend zone. The crypto's price now fluctuates below and above the EMAs. Price is presently below the exponential moving averages.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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22-11-2018, 09:20 AM #1
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Bitcoin (BTC) Daily Price Forecast – November 22
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26-11-2018, 12:48 PM #2
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Leverage is such an issue that we consider when choosing a broker. Leverage is a loan provided by the broker. The amount of leverage varies from broker to broker. Leverage is a process by which a trader can exceed his initial capital. When a trader opens a margin account with any broker he will usually have 50:1, 100:1 or 200:1. Through leverage you can assume that the risk you'll take in your broker. The amount of leverage provided by the broker AAFX is more than 1 : 2000 .
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09-12-2018, 02:26 PM #3
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