As we closed in the middle of the resistance and are now flying higher there is nothing seemingly able to stop BTC for now. For the long term and the short it hasn't looked this good in years.
This is looking great for BTC, the only concern is that the altcoins are doing bad, so they cant support BTC as they normal do. ( high volumes take a lot of BTC out of circulation. ) Either way its very likely that we see a 17k+ BTC soon.
15900 was the resistance zone and BTC is just hanging there now, its highly likely we will go up to 17k+ soon, the reason being that BTC is rejecting prices under 15800 for now.
BTC broke out but is still in danger of rejection, the speed of going away from 16 k was pretty high, but on the other hand we definitely rejected sub 15.5k zone, this allows the support level of 15.5k to form and the 15k support level to harden. This move created a lot more safety for the longs.
If we can break out of the 15k-16k zone we can do some new price discovery, this could easily lead to 17.5k in the short term, still we have to remain careful until we close a daily above 15800.
Even a close above 15600 would be great and as I said before a close above 15800 would be epic the most of the technical indicators are on buy, so its definitely better to long than to short, only do not over leverage we can still be manipulated.
Its great that were breaking out of this triangle move, but we cant cheer to early we really need a daily close above it to ensure more uptrend, it sure looks like its going to happen.
Since the bears couldn't keep XTZ under the 2 dollar level punishment is coming, 2,45 should be very close now.
If BTC can breakout of this triangle we can expect a push to 17k+ we would need to close above +-15800. Its already incredible that BTC is holding these insane gains easily. More upside in November will certainly happen.
Its been a while now since BTC is above 15k + the BTC price seems to stabilize here, the best is surely yet to come, this doesn't look like a top in 2019, those tops were much sharper. The cat is out of the bag, BTC is the best investment of 2020, and probably 2021 to ( except some altcoins that will grow even more )
Bitcoin seems to be stuck in a sideways pattern, as we know that's healthy for the rsi, the 4h rsi is already neutral.
The support level at 14k will be extremely strong, chances are huge that BTC will never be sub 14 k again. If BTC manages to close the monthly above 15k, 30k is certainly guaranteed.
In the past BTC went up 10 times and corrected 50 % afterwards, my guess is that BTC will be less volatile than in the past unless we reach the 50k + zone in that case the old volatility may return. At the moment Bitcoin is still undervalued, BTC has been manipulated for a long time, but more big buyers are showing up and they will surely hold until 20k +. This...
EOS is still being manipulated and needs to breakout from the sub 3 dollar region to really resume its uptrend. It can take until the beginning of December before we see real uptrends. Its still a great price to buy, because EOS is at 1/10 of its ATH.
BTC is being pressed down there is some downward momentum and a double top. This will be healthy for the uptrend because the daily rsi in extreme greed by now. alternative.me
Bitcoin is in a new triangle formation and the daily rsi is sky high, this means that you have to long with caution, don't overleverage now,. Bitcoin still is clearly in an uptrend so I remain long.
BTC will probably settle between 15k and 16k this process can take up to 2 weeks at the end of the month I expect some more strong pumps to the upside.
I believe we can see 20k at the end of november and 30 k at the end of december and 40k at the end of january.