Tuesday, 6 November 2018
Crypto TS
Bitcoin shows some signs of recovery
After bitcoin fell into the local minimum zone $ 6,180 last week, on Monday the market displayed quick recovery and returned into the channel $ 6,330- $ 6,500. Today the market continued to grow, quotes approached the $ 6,410 zone and the market continues to look somewhat bearish. Resistance is located around $ 6410- $ 6450. Strategic resistance is located a bit higher in the region of $ 6,700.
Trading recommendations - longs at current levels and when consolidating above $ 6450
Ethereum recovered to a three-week high
Positive sentiment on the Bitcoin market triggered the formation of a certain upward impulse on the second cryptocurrency market. Yesterday, quotes rose to a zone of three-week high, this is an area of $ 213. The nearest resistance is located around $ 215 area.
Trading recommendations - longs after fixing the market above $ 215
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