Bitcoin analysis and forecast

Bitcoin (BTCUSD) analysis and forecast UPDATE 2019-11-10

Every week we look at the markets and give you our assessment. Let’s look at the current Bitcoin chart.

current weekly chart of Bitcoin

The graph shows the weekly chart of BTCUSD in correlation to Bitcoin to USD Currency Ratio.

The main price trend is SHORT.

For this week our indicators show a SHORT setting, so the Bitcoin price will probably move lower this week than closing price last week. The gray line shows the Exponential Moving Average (EMA 50). It can be either support or price resistance.

You can get trading signals for a long or a short entry by signing our trading alert service.

Please check analysta market forecast table for latest Bitcoin updates.
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No advice on investment is given here

All opinions, charts, messages, news, research, analysis, pricing, or other information available on this site are for general education and training purposes only. analysta is not responsible for any loss or damage, including without limitation, any loss of profit that may arise, directly or indirectly, from the reliance on such information.

Published by niclas

I have more than fifteen years of trading experience. After a rather passive phase due to training, study and work, I now return with a trade stewardship at the cutting edge of technical analysis.

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