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Eli550n
Nov 1, 2020 9:15 PM

BTCUSD BREAKOUT Long

Bitcoin / United States DollarCoinbase

Description

Currently a weak breakout of the bull pennant but primed for a pump >14k above the long term trend line from Mon. Previous test of 13836 failed but rejection minimal due institutional and corporate buys. This is strengthening BTC price floors at all levels below current price (not just historic support and resistance). Lock down news and election unlikely to trigger March type dump. Sentiment has already priced this in but short term volatility expected. Remaining very bullish for short, med and long term.
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