November 18th Market Analysis from LBank Derivatives

November 18th Market Analysis

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

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