On Oct 25th, it was clear there was significant bull divergence playing out that would push BTC to the upside. Noted here:
www.tradingview.com/...6-9df7-85b590d14b91/
and www.tradingview.com/...d-a2a3-3b9e696bf912/
Thus far BTC took off and we've since retraced to .886 of the prior structure high before the BIG down move end of Sept.
Given the currently weekly chart CCI and Stochastic, it would appear there is more room to move up and sideways. Already we've bounced off the Descending triangle top trend line. If BEARS step in here, I believe we may retest this line several times, possibly breaking below or sliding down before BULLS step in again. We'll wait to see how this plays out and obtain confirmation of a break up or down move before taking a big position.
NOT INVESTMENT OR TRADING ADVICE: ENTERTAINMENT ONLY!
and www.tradingview.com/...d-a2a3-3b9e696bf912/
Thus far BTC took off and we've since retraced to .886 of the prior structure high before the BIG down move end of Sept.
NOT INVESTMENT OR TRADING ADVICE: ENTERTAINMENT ONLY!
Trade closed: target reached:
Trend lines did their job showing price action settling.