November 18th Market Analysis from LBank Derivatives
BTC
BTC(BTC/USD) is trading inside this expanding triangle pattern and is currently at the lower level of this pattern. BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point. No one can catch the accurate bottom, but accumulating BTC in this range and what if BTC drops towards 11k to 12k buying more, might be a good move.
Resistance level to watch out for: $17.5k
Support level to watch out for: $16.5k
ETH
ETH short-term support is $1180–1230, and short-term pressure is $1280–1300. Still, Pay attention to whether the pressure of 1300 can break through, and a strong break is bullish, otherwise, it is bearish.
Resistance level to watch out for: $1300
Support level to watch out for: $1230
LBank perpetual contracts are settled in USDT and are not inverse contracts. There is no expiration or settlement of perpetual Contracts. Now we have BTC perp, ETH perp, Dot perp, Sol perp, and other over 100 kinds of popular coins online. The available leverage is between 1–125. One of the key benefits of USDT-settled contracts is that you can easily calculate your returns in fiat. When the market suffers a wild fluctuation, this tool can help you lower your risk.
Click here to download it for iOS or Android
Website: https://lbank.com
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
YouTube: https://www.youtube.com/c/LBankExchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Medium: https://medium.com/LBank
Reddit: https://www.reddit.com/r/LBank2021/
