Editor's Picks News

BTC/USD: technical analysis course, 10-11 November 2018

The attempts bitcoin bulls to regain control over the price of scriptactive above the pivot level of $6364 did not reach the goal. It is technically possible declines in the BTC/USD to the area prices of $6280.

The four-hour chart of BTC/USD

In this session the bulls failed to regain control of the price above the level of a trend reversal at $6364. At the time of the review of the market BTC/USD is trading at $6359 on a pullback from the pivot.

The pressure on the local uptrend of the pair has a moving average EMA30 with the current value at $6391,50.

10 ноября BTCUSD H4
10 November BTCUSD H4

There is a possibility of reduction of quotations to bitcoin trend line in the area of price of $6288. For this the bears need to overcome the price support at the local level $6330.

It is not excluded that till the end of day trading the sellers will dramatically increase the sales of bitcoin, and the strong downward momentum to reach the nearest goal.


Related posts

Binance To Integrate With Turkish Bank To Ease Exchange


Do Kwon Accused of Converting Stolen Funds from Luna to Bitcoin


Ethereum Reveals Final Date For the Merge

Jai Hamid