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30.10.201813:03 Forex Analysis & Reviews: Bitcoin analysis for October 30, 2018

Long-term review

Exchange Rates 30.10.2018 analysis

Trading recommendations:

According to the Daily time - frame, I found that BTC finally managed to get out of the 12-day balance and confirmed a further downward movement. Yesterday's close was very confident and it suggests strong selling pressure on the market. My advice is to watch for selling opportunities. The downward target is set at the price of $6.030.

Support/Resistance

$6.030 – Objective target

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
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