Bitcoin

Bitcoin Daily Update - DO NOT PANIC - RED October not always Bad

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This Bitcoin Daily chart should offer you hope if you are feeling a little worried about where Bitcoin is going.

See the Support offered where the Wicks touch that rising line of support.
Also note how that Horizontal dashed line offers Support.

WE ARE STILL IN RANGE

The Blue line ( Arc) is where we need to cross today to make a GREEN October.
It may not happen. But we had a Red october in 2012 in the middle of a bull Run, so I am not panicing, even if I remain cautious till we cross that line.

That 6 Fib line is a Major hurdle to cross
But the Daily MACD is Good.
snapshot

Currently, the Red signal line has offered support to the Yellow MACD and while that lasts, I remain bullish.
This weekend is going to be VERY interesting.



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