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

#920
AndreSnyman
AndreSnyman
Participant

BTC Usd Day

Bitcoin is still very strong, the fib target is at $8200. Bitcoin made an all-time high this morning divergence is forming at the top but that still needs to confirm. Luckily we only went 10% short this weekend as it was not a great signal, it hit our stop loss.

Btc hourly chart

 

The hourly chart is showing divergence at the top as well, this also needs to confirm. Currently bitcoin looks strong, I will keep my eye on $7900 to see if btc wants to reverse at these levels.