Bitcoin Market Analysis: Price Action Analysis BTCUSD (10th November 2018)
Hello my trading community; this is the very first time when I’m sharing my Bitcoin market predictions for the next couple of months.
Well; in the last week we got mixed sentiment from the buyers as well as from the sell side! Buyers were dominating this pair & achieved @6527.71 level then sellers came back & now it’s below from @6350.00 level. According to the daily chart @6166.00 is the next support level, although we have to consider @6240.00 as in intraday support level; if buyers come here according to the last week; then we can get impulsive bullish movements as like 1st 3 days of last week.
On the other hand, if sellers break @6240.00 level & then @6166.00 smoothly then maybe we have @5894.00 level once again after 14th August of 2018.
@6704.00 is the upcoming resistant level then @7365 is the most crucial one! Buyers have to break these 2 important levels to establish a new bullish trend.
Bias: Short Term
Bullish: 45%
Bearish: 55%
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