29.10.202013:30 Ανάλυση και κριτικές Forex: BTC analysis for October 29,.2020 - BTC reached downside target at $13.200 and i heading towards next at $12.720

Further Development

Exchange Rates 29.10.2020 analysis

Analyzing the current trading chart of BTC, I found that BTC tested the my downward target at $13,200 but that there is still space for more downside towards $12,720.

My expectation is the BTCcan trade lower and the selling opportunities on the rallies is preferable strategy for this condition.

Watch for selling opportunities...

Downward target is set at the price of $12,790

Key Levels:

Resistance: $13,300 and $13,190

Support level: $12,190

*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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