Trader_hao

TA on BTC/USD

Long
BITFINEX:BTCUSD   Bitcoin
It seems like Bitcoin is on an overall down trend if we are using the daychart (long term outlook). However, just 2 days ago, BTC broke out of the downtrend resistance because of the USDT saga (so its not technically a fundamental breakout). However, i am still bullish on BTC especially closing in to middle of november. Price is at around $6,740 right now and i foresee it to reach $7,000 and stabilize over at that price region by november 1st.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.