BITSTAMP:BTCUSD   Bitcoin
Hello peeps.
I was meant to post this yesterday, but unfortunately, life got in the way.
Nevertheless, this is my next projection. BTC has held very well at 59500, and I am now confident the uptrend is ready to resume. We have a cluster of volume from 60k to 62k, which suggest buyers believe BTC was undervalued at that price. Most of the short term RSI started to look oversold yesterday, with the Stoch RSI oversold in any timeframe up to the daily.
We just had a beautiful bullish engulfing on support in the 4h timeframe, which gives confidence to the bullish thesis.
An I HnS is forming in the hourly timeframe, which should push BTC to 66k in the near future. We will start seeing the actual bulls taking control at the beginning of November, and the real bull run will start. If we have a flash dip to 57, which i see less likely, that will be the best buy opportunity you could dream of at this level. I already entered at 59900 as i wasn't willing to wait for the perfect bottom.
This one was your last opportunity to buy BTC at 60k for the next 6 months.
Enjoy the ride.
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CFcryptoTA
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