Bitcoin analysis for December 06, 2018

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Trading recommendations:

According to the 30M time – frame, I found a shakeout in the background. I also found that sellers got trapped amid the breakout of the trading range, which is a sign that buyers are in control. I also found overbought conditions on the stochastic oscillator, which is another sign of the strength. Watch for buying opportunities. The upward targets are set at the price of $3.806, $3.838 and at the price of $3.872.

Support/Resistance

$3.806– Intraday resistance

$3.710– Intraday support

$3.806 – Objective target 1

$3.838 – Objective target 2

$3.872 – Objective target 3

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