Bitcoin Daily target hit and now, we wait for support to kick in

I drew that Circle around Late August and here we are, PA just entered it.

This Means that PA is now just above a Strong Long Term line of support that we bounced off well Earlier in the Year. . This line was tested a week or so ago and we bounced. This should happen again but maybe not this month.
The 2.768 Fib extension we are currently bouncing off, bumps into that rising line of support in the First week of November, around the 4th, a Tuesday.
PA is under that Local dashed line of local support.

The Daily MACD


This is in Oversold and has tried to bounce but is currently heading back towards its red signal line. We need to wait and see if this MACD bounces off it or not...But we should remember that the Weekly MACD is still falling Bearish above Neutral.

The Daily RSI


RSI is trying to bounce off its MA, testing it as support.

We did talk about a smaller bounce higher and then a turn lower a week or so ago.
This may have played out and a Move lower for Bitcoin Could happen if this support does not hold and a visit to the 95K area may occur, though I expect it to be A Wick down IF IT HAPPENS>

It does look like October will close RED and this may scare some people.
Interesting days ahead

We need to be patient and wait.


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