BITCOIN TECHNICAL ANALYSIS AND INTRADAY LEVELS 30 NOVEMBER WILL THE GAP CLOSE?

BITCOIN TECHNICAL ANALYSIS AND INTRADAY LEVELS 30 NOVEMBER WILL THE GAP CLOSE?

By trade60 | trade60 | 30 Nov 2021


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The combination of a number of factors to date has not served Bitcoin too well. The leading cryptocurrency has turned to the downside again. It was a completely different story yesterday, as BTC rose on Ethereum's heels, to 58,865. This high was set just before the US market closed. Today it dropped to 55,875. Again this seems in part a risk-based move. Today's drop also confirmed once again that BTC is still very tight between its 50 and 100-day moving averages. These are in position right now at 60.783 and 54.255 respectively.

It should be noted that on the CME BTC Futures there was a gap between the closing on Friday and the opening on Monday.

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I don't want to appear to be the bearish one but if it is true that sooner or later the gaps close, lower levels await us.

Furthermore, the point and figure chart kindly borrowed from stockcharts.com reveals a brackout price of 51500.

http://stockcharts.com/pnf/chart?c=%24BTCUSD,PHTADANRBO[PA][D][F1!3!!!2!20]&r=5752&pnf=y

As usual, I report the levels for intraday trading:

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Happy trading everyone.

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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