FX.co - BTC 11.25.2019 - Second target at the price of $6.547 has been met, watch for selling on the rallies

25 November 2019 at 6:16PM (UTC+0)

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BTC 11.25.2019 - Second target at the price of $6.547 has been met, watch for selling on the rallies

BTC has been trading downwards and the price reached my second main target at the price of $6.547. I saw retracement of our support but now resistance is on the test at $7.300. It is good sell zone for further downside.

Ichimoku analysis:

BTC 11.25.2019 - Second target at the price of $6.547 has been met, watch for selling on the rallies

The price is trading below the Ichimoku cloud and there was rejection of the $7.368 (Kijun-sen).

Intraday trends are up but the1H,4H and Daily trends are down. I didn't see any kind of reversal yet and you should watch for selling opportunities with the targets at the price of $6.547 and $5.800.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #BTCUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ BTC 11.25.2019 - Second target at the price of $6.547 has been met, watch for selling on the rallies

Forex Analysis

BTC 11.25.2019 - Second target at the price of $6.547 has been met, watch for selling on the rallies