BTC 11.29.2019 – Major Fibonacci confluence resistance at the price of $7.800 on the test, watch for selling opportuntiies

BTC has been trading upwards. The price tested the level of $7.775. Anyway, I see that there is potential end of the upward correction and strong resistance confluence at $7.800-$7.900. Watch for selling opportunities if you see any topping pattern around critical resistance $7.800.

Stochastic oscillator is showing overbought condition and potential for pullback.

Resistance levels are set at the price of $7.800 ad $7.900

Support levels are set at the price of $7.730 and $6.550.

Watch for selling opportunities near the resistance with the potential target at $6.550.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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