empty
 
 
28.11.2017 02:55 PM
Bitcoin analysis for November 28, 2017

This image is no longer relevant

Bitcoin (BTC) has been trading upwards. The price tested the level of $9.900. The Nigerian Deposit Insurance Corporation (NDIC) has warned Nigerians that they will not be afforded consumer protections when trading virtual currencies. NDIC representatives also reaffirmed that the Nigeria's monetary regulators are unable to exert influence over the cryptocurrency markets. Technical picutre looks bullish.

Trading recommendations:

According to the 30M time frame, I found broken pivot reistance 1 ($9.828), which is a sign that buyers are in control. I also found a rising trendline and successful rejection, which is another sign of strength. My advice is to watch for potential buying opportunities. The intraday upward target is set at the price of $10 035.

Support/Resistance

$9.503 – Intraday pivot

$9.828 – Pivot resistance 1

$10 035 – Pivot resistance 2

$10 360 – Pivot resistance 3

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback