Crypto Screener Forums Bitcoin (BTC) Forecast – Technical Analysis Bitcoin (BTC) Technical Analysis – November 2017 Reply To: Bitcoin (BTC) Technical Analysis – November 2017

#879
AndreSnyman
AndreSnyman
Participant

Our short targets was hit at 6800 and 6500. Look at the daily chart, as long as bitcoin stay above 6400 I will stay long. We made nice profit on our short targets! Btc is still overbought and can still come down but I am trading my signals and will execute my trades on my profit levels. This is still a bull market! If  my trend line at $6400 breaks I will be going short again!

For the shorter term traders, look at the hour chart:

When btc broke $6800 it was a quick fall to $6500, we are currently testing the trend line which is resistance at $ 6890. I think it can be a possible short trade with a stop loss above the trend line. I am on my way to watch the million dollar gholf at Sun City! Enjoy your trades!

Phillipians 4:19!