Technical analysis by JordyBTC about Symbol BTC on 10/26/2021
https://sahmeto.com/message/3357322
JordyBTC
Rank: 10261
Analytical Power:
1.5

Two probable scenarios:1st: Btc breaks under and closes below 59k then I see a short move to 50k. Argument for lower move: the MACD and Volatility indicate a lower high coming, however, BTC is currently trading in a nice channel so there would have to be quite a rapid dump to trigger this scenario.2nd: Btc Breaks above and closes above the high resistance level we will see a huge move slingshot move to the upside. BTCUSDArgument for higher move: News of BTC etf and media hype train, btc is currently holding well in a channel and has not broken down. Thus, suggesting that we might be just fuelling up before another explosive run to the upside/This is not financial advice.If BTC does not hold above 56k it will drop to 50k
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Signal Type: Neutral
Time Frame:
1 dayPrice at Publish Time:
$60,363.79