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kyer
Oct 18, 2020 5:58 PM

$BTC 12k Incoming Long

Bitcoin / U.S. dollarBitstamp

Description

BTC is now approaching the monthly candle resistance level again, touching $11479.

In these next few 4H candles, I expect BTC to find a successful closure above $11479 and going on its way to hit $11967 ($12000)

We've seen BTC in early October break above the channel it was trending in all of September and now found the topside of the channel as a support level going for a nice long.

I think if we were going to see a harder pullback we would've seen it by now and that pullback would hit a little under 11k, bottom side of this upwards channel.
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