Complete analysis of #BTC on 14/11/2018 from the #LAHORIHUB2020 team
Analysis of news
Media: Famous American universities have invested tens of millions in cryptocurrencies
Harvard, Stanford and Massachusetts (MIT) universities have invested tens of millions of US dollars in cryptocurrency through funds under their control, reports The Information, citing informed sources.
It is noted that Dartmouth College of the Ivy League and the University of North Carolina also acquired digital assets and stakes in cryptocurrency companies.
On all timeframes there is a sharp increase in volumes on red candles.
Analysis of support / resistance levels
The new support line is at around $ 6,120, the resistance line has moved to $ 6,700
Divergence and Convergence
Timeframe: 15M – not detected
Timeframe: 30M – not detected
Timeframe: 2H – not detected
Timeframe: 6H – not detected
Timeframe: 1D – not detected
индикAnalysis of indicators
The graph moves in the lower channel of Bollinger, after a channel has sagged, the channel has expanded significantly. RSI is oversold and is at around 21%
We have not yet determined what the drawdown is connected with, but we will try to figure it out as soon as possible. At the moment, we expect the price to stabilize, while fixing below the $ 6300 line, we expect a fall to the level of $ 5900. It’s still early to open any alt positions