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  1. #1
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    Default Bitcoin (BTC) Daily Price Forecast – November 1

    BTC/USD Medium-term Trend: Ranging

    Resistance Levels: $6,800, $7,000, $7,200
    Support levels: $6,200, $6,000, $5,800

    Yesterday, October 31, the price of Bitcoin was in a sideways trend. On October 29, the crypto’s price was broken by the bears after a long period of range bound movement above the $6,500 price level. The price fell to the $6,300 price level and commenced another range bound movement. Nevertheless, in the last three days, the price of Bitcoin was fluctuating above the $6,300 price level.

    The BTC price is still under a bearish trend and price is expected at the $6,200 price level. However, if the $6,200 price level is tested or broken, then a revisit to the critical support level is imminent. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.


    BTC/USD Short-term Trend: Ranging

    On the 1-hour chart, the BTC price is in a sideways trend. On October 31, the crypto’s price tested the $6,200 price level and rebounded to its range bound movement. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

    Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


    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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  3. #2
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    TradesFX offers a wide variety of currency pairs, as well as CFDs on commodities, indices, stocks, bonds, ETFs and even cryptocurrencies. The latter group consists of Bitcoin (with 1:2 leverage ), Ethereum, Litecoin, and Dash. That being said, if you are into cryptocurrencies, we suggest that you select among tightly regulated brokers that offer such, as this is not the case with my broker. Although the spreads indicated on the broker’s website (and on the table above) appear very high, when I tested their MT4 in demo mode we were pleasantly surprised. The spread on the most liquid currency pair, EUR/USD, was floating around 1.3 – 1.4 pips, which is a good pricing.

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    I am a news trader. So forex market news analysis is important for my trading. I use forex factory and my broker FXPremax provided news indicator to analysis the forex market news. I choose news trading because there is a high probability of profit and low probably of loss. I use risk management 1:5, sometime I use 1:10. All news will not affect the market what you expected. I analysis the news and pick some news which has high probability.

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