#Gate & WLFI USD1 积分计划 Morning market overview on 2018.11: BTC continues to reign.

BTC opened with a solid bullish candle this morning, the weekly chart closed with a strong bullish candle above 11.9, and it continues to oscillate upwards during the day.
Yesterday, the BTC long position made a profit of 1300 points, while the short position was hit by 700 points; the BTC has been sideways for two days, but yesterday it once again showed its kingly demeanor, surging by 3500 points.
BTC is forming an ascending triangle, with a W bottom structure on the 4H chart. The 12.05 resistance has clearly switched positions; short at 12.05, with a defense at 12.1 and targets at 11.89 and 11.79. Long positions can be set up at the lower trend line and the support resonance point at 11.76, with a defense at 11.66 and targets at 11.86 and 12. If there is an opportunity to test 11.9 multiple times without breaking, go long, with a defense at 11.83 and targets at 12 and 12.05.
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