Bitcoin update. BTC-USD on November 20, 2018
November 20, 2018
#BTC
Despite the fact that the market can be strongly manipulated, if you look at BTC on a larger scale, then based on the possibility of a fractal price movement, we can get a noticeable increase, but you shouldn’t expect to form a wave to new price records, the downward trend can still continue. From this we can conclude that it is a bit dangerous in the altos. For those who keep deals in alts open, we recommend raising your stop orders as high as possible. A critical moment can be observed in the event that the price of a Bitcoin drops to around 4000. The safest solution in the current period will be to observe a lower time frame. The last wave down almost hit 0.786, now we can see a good volume and pulse switching on a 1 hour time scale. If this area will support the market, then Bitcoin has good chances to go up to the previous levels. But do not forget about the whales that can manipulate the market in their own interests. The manipulator puts pressure on the news about the postponement of the launch of Bakkt and is waiting for a new wave of plum and this news came out exactly when the market found its bottom and began to rebound bitcoin.