BTC 11.13.2019 -BTC did break the Ichimoku cloud to the downside, watch for selling opportunities

Bitcoin has been trading sideways at the price of $8.737. Watch for selling opportunities due to the current downward trend. Main downward target is set at the price of $7.500.

Ichimoku analysis:
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Multi frame Ichimoku sitation:

H1 - Inside of the Cloud

H4 - Below the cloud

Daily - Inside of the Cloud

Currently, BTC is testing the support (Tenkan-sen) at the price of 8.690. The potential breakout of the support would confirm further downside movement and testing of $8.543 and potential test of $7.500. Resistance is set at the price of $8.900 (Kijun-sen).BTC did the breakout of the Ichimoku cloud to the downside and I see more downside in the next period.





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Performed by Petar Jacimovic
Analytical expert
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