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    Thread: Cryptocurrency Analysis

    1. 12-12-2019, 01:52 AM #11 Collapse post
      IFX_Selena
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      BTC 12.11.2019 - Watch for potential drop on the BTC

      Bitcoin has been trading in consolidation mode at the price of $7.166. There is chance for the downside movement. Watch for selling opportunities on the rallies with the first target at $6.570.

      Name: b-p-111219.jpg Views: 12 Size: 50.0 KB

      Slow line on the MACD oscillator turned into bear mode, which is indication for potential downside movement in the next period.

      Additionally, there is the breakout of the upward Pitchfork channel in the background, which is another indication that sellers are in control.

      Support levels are found at the price of $6.569 and $5.910.

      Resistance levels are found at the price of $7.611 and $7.800.



      Name: s_jacimovic.png Views: 12 Size: 4.8 KB
      Performed by Petar Jacimovic
      Analytical expert
      InstaForex Group © 2007-2019

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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