Gtag:

BTC Weakens Noticeably on Profit Taking by Investors, Further Roller-Coaster Movement Likely; Nov 16, 2021

Top 5 Headlines on Digital Currency:

  • “There is a lack of news and this is some pure selling of spot and some additions of short selling. Outside of this, there is no significant news,” said Matthew Dibb, chief operating officer at Singapore-based crypto asset manager Stack Funds – Investing.
  • As more African countries continue to seek crypto exposure, the semi-autonomous territory of Zanzibar in Tanzania is reportedly exploring ways to regulate and adopt cryptocurrencies like Bitcoin (BTC) within its borders – Investing.
  • United States-based crypto mining company, Marathon Digital, has revealed that it is looking to leverage the debt market to procure Bitcoin and mining hardware – Investing.
  • Clover Finance will implement multi-chain support for crypto projects in the coming days – Investing.
  • Once again, cryptocurrency became a hot topic in India as Prime Minister Narendra Modi chaired a meeting last Saturday about crypto-assets and their misleading issues. In detail, the meeting focused on the unregulated markets that cannot be allowed to become an avenue for money laundering and terror financing – Investing.

Technical View:

  • The BTC spikes down sharply and hits fresh 7 – day low below $60,500 mark.
  • The pair made intraday high at $63,628 and low at $60,350 mark.
  • Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being.
  • A sustained close above $62,180 on H1 chart requires for the upside rally.
  • lternatively, a consistent close below $60,298 will check further supports.

SUPPORTS RESISTANCES
$60,298 $61,578
$59,700 $62,180
$59,220 $62,860
$59,000 $63,410
$58,650 $63,720

Take a look and do trade wisely!
Good Luck

Tags
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

Law Partners House, Kumul Highway, Port Vila, Vanuatu

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close