BTC analysis for November 18,.2020 - Balancing mode on BTC and potential for the downside rotation towards $17.700

Further Development

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Analyzing the current trading chart of BTC, I found that BTC is trading flat last 4 hours and I see potential for the downside rotation.

Stochastic oscillator is in the overbought zone and the BTC is on the extended run.

The breakout of support at $18,000 will confirm further downside movement.


Key Levels:

Resistance: $18,300 and $18,465

Support levels: $1,850 and $1,820.



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Performed by Petar Jacimovic
Analytical expert
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