BTC (Y20-P4.E17).Macro.Structure.Bullish

2020年11月1日

Hi All,

We just finished closing another month so I thought I revisit this chart to gauge how we are trending, along with the following point:
a) Candle sticks
b) Key resistance lines
c) Indicators

My Thoughts:
a) Bullish candle on the monthly, another sign with upward pressure, reminiscent of early 2017;
b) 3 year top lead in resistance trend line broken and retested;
c) Indicators all show upward momentum;
d) Observe chart below with an inverted perceptive;

Inverted monthly chart:


Inverted weekly (zoomed in) chart: Expect a bounce on the double bottom, meaning a pullback of some magnitude.


Chart back in July