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02.11.201814:15 Forex Analysis & Reviews: Bitcoin analysis for November 02, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 02.11.2018 analysis

Trading recommendations:

According to the H1 time - frame, I found that buyers are in control today on BTC. I have also found the breakout of the supply trendline, which is a sign to watch for buying opportunities. My advice is to watch for opening buy deals with upward targets at the price of $6.344 and at the price of $6.380.

Support/Resistance

$6.344 – Intraday resistance

$6.294– Intraday support

$6.344 – Objective target 1

$6.380 – Objective target 2

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Petar Jacimovic
Analytical expert of InstaForex
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