A lot can be told when in HTF with BTC. If you draw a fib line on the daily charts BTC is in support with the 23% line. We have 3 more days this month and crypto has reached its goal for the month. Bulls are relaxing because next month the goal is to make Nov one for the ages. Something to watch in Bears favor is the weekly chart. Shooting star was created last week and that is something to be concerned about, but nothing to panic about. Everything else to me is looking very bullish. Arrow symbol is an area to make a possible short term sell. I will not enter unless I get confirmation that bears are still in control for the week. TP is not that far down due to the fact that in HTF the Bulls are in full control and we are above the 23% fib line.
Something to watch as well for that short setup. Right now price is going to the entry w/ a lot of momentum. You can setup a buy entry as well in that location. If it becomes a buy it will go to the ATH to invalidate the shooting star on the 1 week TF.
Something to watch as well for that short setup. Right now price is going to the entry w/ a lot of momentum. You can setup a buy entry as well in that location. If it becomes a buy it will go to the ATH to invalidate the shooting star on the 1 week TF.