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Technical analysis by BrettFogle about Symbol BTC: Buy recommendation (10/17/2024)

https://sahmeto.com/message/2903404
BrettFogle
BrettFogle
Rank: 4259
1.8
Buy،Technical،BrettFogle

In this video we examine the current Bitcoin chart at resistance.Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.Not much happening now and until we can find the money flow and volume to push up.Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research). Let me know your thoughts below, and please like the video.- Brett

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$61,500
Price at Publish Time:
$67,619.03
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