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07.11.201816:19 Forex Analysis & Reviews: Bitcoin analysis for November 07, 2018

Long-term review

Exchange Rates 07.11.2018 analysis

Trading recommendations:

According to the H1 time - frame, I found that BTC is trading sideways at around $6.477. I see the potential for the downward correction and my advice is to watch for potential selling opportunities if you see a valid break of the support at the level of $6.457. The breakout of the support would confirm a further downward movement and potential testing of $6.400 (support).

Support/Resistance

$6.507 – Intraday resistance

$6.457– Intraday support

$6.400 – Objective target

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*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Petar Jacimovic,
Chuyên gia phân tích của InstaForex
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