empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

15.11.202404:57 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday November 15, 2024.

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 15.11.2024 analysis

Although buyers still dominate the Bitcoin cryptocurrency where its price movement moves harmoniously within its daily bullish Pitchfork channel, the 4-hour chart actually shows that a weakening correction will occur where this is confirmed by the appearance of a deviation between the Stochastic Oscillator indicator and Bitcoin price movements and Bitcoin's failure to touch the Upper Line of its Daily Bullish Pitchfork so that in the near future Bitcoin has the potential to weaken down to the level of 84692.27 if this level is successfully broken and closes below it then #BTC will continue its weakening to the level of 80603.46 and if the momentum and volatility support then 76710.30 and/or the lower line of the bullish Pitchfork will be the next targets to be targeted but please also note that if Bitcoin strengthens again especially if it successfully breaks and closes above the level of 91845.27 then all previously described weakening predictions will become invalid and automatically canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off