Bitcoin BTCUSD ~ Nov-Dec Snapshot (Daily Chart)

BlueHatInvestor Updated   
BTCUSD chart mapping/analysis for last week of November.

TBC further details/write-up via ideas section.
Bitcoin BTCUSD Write-up (29th Nov)
  • BTC - what a beast.
  • Price action continues to grind higher since rallying off lower range ascending parallel (white) back on 16th October.
  • ~38000 playing key psychological level & failed to break-out twice, while middle parallel trend-line (dark blue dashed) acts as rising support + bullish flat-top pattern development.
  • Punter consensus = anticipated ETF launch as catalyst for breakout towards upper range parallel (white)/50% Fib confluence zone...or could be a "Buy the News, Dump the Fact" event, TBC.
  • We shall see..
BTC rips higher, just short of tapping 50% Fib - now consolidating within tentative trading range ~42160 - ~41320.


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