BTC Market Analysis- November 20th

 2020-11-20 07:20:21

From the 1-hour chart, the volatile market continued at a high level yesterday. The price briefly returned to above $18,000 yesterday afternoon (UTC) and did not stand still, and it oscillated and retreated at yesterday night.

upload/2020112007202528077.png


From the above picture, the upper and lower tracks of the Bollinger Bands run in parallel, the K line runs on the Bollinger Band middle track, the MACD energy column changes from long to short, and the KD line turns upwards. In the short term, the bullish trend has slowed down, and it should still fluctuate during the day.

 

Action suggestions:

Rebound near $18,000-18,100, enter the market with sell/down orders, the target is $17,800-17,700, stop loss 100 points

Fall back near $17,600-17,700, enter the market with buy/up orders, the target is $17,900-18,000, stop loss 100 points

 

Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of "Take profit" and "Stop loss".

The technical analysis of cryptocurrencies in real time should be taken for informational purposes only, and in no case should it be taken as an investment signal.

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