BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
279 1
So far no major changes, continued consolidation.
For growth, it is necessary that MA 14 (orange) cross MA 28 (violet) with an upward direction and most importantly, that MAs are below the chart, then we can expect an increase in the price to the yellow zone 9300-9350.
If everything remains the same, then consolidation will continue.
We can assume knocking short positions (shorts) locally.
Since the longs were knocked out, shorts are next in line (also a false break through to the yellow zone).

But in general, all factors lead to a pullback and we will probably see a break through of 9000 soon.
Nov 08
Trade closed: target reached
+1 Reply
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