BTC daily chart
Well, i have put my thought allready in the chart itself.
Next time i will use this area, didnt know it works this way.
In short:
Bitcoin will travel sideways for a few days more, bouncing between Support and Resistance area.
After this at point 1, there are 2 possibilities:
1. It breaks resistance around Oct.23-2019 and goes on towards 8.6k-8.9k. If it breaks the 8.9k resistance, the way up to 9.3k is free and when it breaks that, it can go to 10k-11k.
Then it will go sideways for a while.
2. (This is what i think will happen) It will jump start from point 2 at begin Nov. 2019. This is after it bounced several time between Support and Resistance area, where after the Descending Triangle if formed stronger and we will get a reversal upwards.
The travel towards 9.3k is there and i hope it will break, to keep bouncing for a while between 10k and 11k. After going sideways for a wilhe, we will see 12k comming and more.
This will be end of Dec. 2019
Shorter then short:
1. (Possibility) Around last week Oct. there is a chance of breaking through, it is a little chance, but it is there. It can hit tops 11k.
2. End of Oct. / Begin Nov 2019 reversal upwards 9.3 - 11k and maybe even higher
3. It breaks out and will between 10k-11k with a strong possibility of strong support (building up strength for weeks) running towards 12k.
Let's see what happends!
Next time i will use this area, didnt know it works this way.
In short:
Bitcoin will travel sideways for a few days more, bouncing between Support and Resistance area.
After this at point 1, there are 2 possibilities:
1. It breaks resistance around Oct.23-2019 and goes on towards 8.6k-8.9k. If it breaks the 8.9k resistance, the way up to 9.3k is free and when it breaks that, it can go to 10k-11k.
Then it will go sideways for a while.
2. (This is what i think will happen) It will jump start from point 2 at begin Nov. 2019. This is after it bounced several time between Support and Resistance area, where after the Descending Triangle if formed stronger and we will get a reversal upwards.
The travel towards 9.3k is there and i hope it will break, to keep bouncing for a while between 10k and 11k. After going sideways for a wilhe, we will see 12k comming and more.
This will be end of Dec. 2019
Shorter then short:
1. (Possibility) Around last week Oct. there is a chance of breaking through, it is a little chance, but it is there. It can hit tops 11k.
2. End of Oct. / Begin Nov 2019 reversal upwards 9.3 - 11k and maybe even higher
3. It breaks out and will between 10k-11k with a strong possibility of strong support (building up strength for weeks) running towards 12k.
Let's see what happends!
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