Bitcoin (BTC/USD) November Monthly View

By: Admin
53367

Insignia Consultants

                                                                                   New Delhi

Monday, November 1, 2021 TIME 10:32 PM IST                       

 --------------------------------------------------------------------------------------------------------------------------------------

Bitcoin (BTC/USD) November Monthly View: Current price $60508.30

  1. Support: $46508, $49472, $53105 and $57893
  2. Resistances: $66896, $68295, $73146 and $84983 Fifty Day Moving Average: $53105

November Month View: BTC/USD has to trade over fifty day moving average of $53105 in November to rise to $84983 and $90911. (A) Bearish trend will be there only if initial resistance of $68295 is not broken in November. If Bitcoin falls then it will not stop before $49472 and $37635.

Price fall in bitcoin and crypto currencies will be massive. The pace of rise will reduce once global offices start opening. My logic is trading volumes in crypto currencies will see a big decline once people work from office. Decline in trading volumes in crypto currencies will be accompanied by a very sharp price fall. Long term bullishness will be intact in bitcoin in 2022.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in   

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Insignia Consultants does not have any branches in India.

Insignia Consultants does not have any marketing agents in any city in India.

NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

You can also mail your queries at insigniaconsultants@gmail.com

telegram/whatsapp/sandes 9311139549