Bitcoin Daily Forecast For November 30, 2018

Published 11/30/2018, 01:54 AM
Updated 07/09/2023, 06:31 AM

Bitcoin Daily Chart

Bitcoin must hold above 4100/4000 to maintain the recovery targeting resistance at 4400/4430. In fact we topped exactly here yesterday. Be ready to buy a break higher for 4600/4650. Watch for a high for the day. However a break above 4800 is a short term buy signal targeting 4900 & even 6100 to 5200.

Failure to hold above 4000 however is less positive & risks a slide to 3800, perhaps as far as 3600/3500. We bottomed exactly
here on the last test - look for a potential double bottom buy signal. However on further losses in the bear trend look for strong support at 3170/3130. A break below 3000 is the next sell signal.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.