Sunday, November 25, 2018

Bitcoin analysis for Nov. 26


As we expected, Bitcoin began to climb towards distant targets after building on its strongest support near 3700 to trade back near 4170 levels
Technically, we have early positive signals on the MACD indicator, while the support and resistance we have strong support at 3700 and strong resistance areas at 5410, the breach of this area will push the Bitcoin quickly towards 5800 areas again
Trading Recommendation
Buy back from the current 4150 areas and buy larger volumes in the case of a decline of around 3700
Stop loss 3000
Take the first profit 5810
Take Second Profit 6200
Firmly trading above 6200 the target could be adjusted to 7500 with a stop loss adjustment to the entry point

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