ConsolidationNation

BTC weekly chart analysis November 2019

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1 Question: Are we in a bull market in BTC?: The answer is simply yes.
2 Question: What are the current price levels to watch in this bull run?: As long as we are closing above the 52 week EMA we are still in a bull run no mater what the price does in the meantime. The next critical resistance level to watch is the 14k resistance that we got rejected from and the goal of the bulls should be to break this level.
3 Question: What will I do if the price closes below the 52 week EMA?: I will exit all my crypto positions and re-buy when the price re-tests the 200 week MA.

I will post only ones a month to avoid redundancy and contradictions of the daily emotional swings.

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