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dompa
Oct 5, 2021 2:57 PM

A small pullback before the blast-off 

BITSTAMP:BTCUSD240
Bitcoin / U.S. dollarBitstamp

Description

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Looks like BTC needs to cool off a bit.
I'm still bullish, but a small pullback is needed.

Comment

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let's see how the candlestick of this day will look after closing.
Trend AnalysisChart PatternsTechnical Indicators
Comments
suvny21
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you are a great analyst very clear and correct chart
dompa
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@santana2331, thanks mate! I appreciate that!
GunMoney
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Target 43K - 44K
dompa
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@GunMoney, if this is the local top then $43-44k would be golden pocket. Could happen, but I'm looking at 0.5 fib. extension since is so bullish now
GunMoney
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@dompa, "golden pocket", I dig it. I just rode OMG from $9 to $18, looking for a strong correction now, as I exited all tokens in $17 range. BTC getting rejected from linear resistance here and finding support around 43K-44K would be ideal for both BTC and OMG to finish the year. We shall see...
suvny21
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@GunMoney it's too late rally started to 58k
dompa
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@santana2331, I would wait for the closing daily candlestick to see confirmation of a breakout.
GunMoney
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@santana2331, pull-back likely, but how far?...
geekpe
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bull traps not need pull back...
suvny21
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@geekpe lol
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