This week, we saw ethereum break all time highs and many other alt coins follow suit. All eyes are on bitcoin now to see what it does at these levels. Has the rocket ship taken off or are we going have to use the last rocket in our arsenal?
BULL CASE
We need to hold this line and have a strong daily green candle for the bull run in November to be intact. Otherwise, we should be seeing more consolidation before a blast off in December.
BEAR
Bitcoin looks structurally week at these levels and could move farther to the downside to shake out overleveraged players. If this happens, we look at 52K for a strong support.
BULL CASE
We need to hold this line and have a strong daily green candle for the bull run in November to be intact. Otherwise, we should be seeing more consolidation before a blast off in December.
BEAR
Bitcoin looks structurally week at these levels and could move farther to the downside to shake out overleveraged players. If this happens, we look at 52K for a strong support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.