#BTCDAILY - 7.NOV.21 TESTING UPPER TRENDLINE
#BTCDAILY - 7.NOV.21
TESTING UPPER TRENDLINE
Very strong bounce to keep it within this expanded symmetrical triangle pattern. Point of interest atm - if we breakout then there will likely be a pullback followed by a pretty large pump to at least $64k in the short-term.
HOWEVER...
There are quite a few bearish signals from Alpha Volume + Quite Overbought + Challenging the trendline resistance + Asia coming online rarely pumps a pump and usually buys the dip + Future Pivot is sitting a little lower along with the general pattern suggesting a retracement here.
There is quite alot of excitement around Elon selling $25b worth of #TSLA shares and speculation it will go into #BTC but who announces they are going to buy before they are going to buy???
On the whole its still looking super bullish and not really expecting any crazy collapses from this point or at least until the ATH is challenged again
TESTING UPPER TRENDLINE
Very strong bounce to keep it within this expanded symmetrical triangle pattern. Point of interest atm - if we breakout then there will likely be a pullback followed by a pretty large pump to at least $64k in the short-term.
HOWEVER...
There are quite a few bearish signals from Alpha Volume + Quite Overbought + Challenging the trendline resistance + Asia coming online rarely pumps a pump and usually buys the dip + Future Pivot is sitting a little lower along with the general pattern suggesting a retracement here.
There is quite alot of excitement around Elon selling $25b worth of #TSLA shares and speculation it will go into #BTC but who announces they are going to buy before they are going to buy???
On the whole its still looking super bullish and not really expecting any crazy collapses from this point or at least until the ATH is challenged again
