Hey, traders. We appreciate your comment and boost.
We are going to check the Bitcoin chart, today. Let's check quickly.
We can see
1. long-term descending channel has been breaking.
2. short-term ascending channel is broken.
3. the price is making middle-term 18000 ~ 26000 box pattern.
We should check
Tuesday - German ZEW Economic Sentiment (Oct)
Wednesday - UK CPI (YoY) (Sep), EU CPI (YoY) (Sep), US Building Permits (Sep), Crude Oil Inventories
Thursday - China PBoC Loan Prime Rate, EU Leaders Summit, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index (Oct), US Existing Home Sales (Sep)
Friday - UK Retail Sales (MoM) (Sep), EU Leaders Summit, ECB President Lagarde Speaks
We can expect
1. the price goes upward for short by breaking the descending channel.
2. dropping by resistance on 22000 to 18000
3. jumping up by support on 18000.
- Before going up to 26000, there will be dropping by reistance on 22000.
It looks like the price is breaking the descending channel. But, this doesn't mean ascending channel is made.
We give more chance to making box pattern and it will be 18000 ~ 26000. And, for short, we can consider 18000 ~ 22000.
The price will goes up for this week and we may have chance to sell on 22000 soon.
Let's see how it moves.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
We are going to check the Bitcoin chart, today. Let's check quickly.
We can see
1. long-term descending channel has been breaking.
2. short-term ascending channel is broken.
3. the price is making middle-term 18000 ~ 26000 box pattern.
We should check
Tuesday - German ZEW Economic Sentiment (Oct)
Wednesday - UK CPI (YoY) (Sep), EU CPI (YoY) (Sep), US Building Permits (Sep), Crude Oil Inventories
Thursday - China PBoC Loan Prime Rate, EU Leaders Summit, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index (Oct), US Existing Home Sales (Sep)
Friday - UK Retail Sales (MoM) (Sep), EU Leaders Summit, ECB President Lagarde Speaks
We can expect
1. the price goes upward for short by breaking the descending channel.
2. dropping by resistance on 22000 to 18000
3. jumping up by support on 18000.
- Before going up to 26000, there will be dropping by reistance on 22000.
It looks like the price is breaking the descending channel. But, this doesn't mean ascending channel is made.
We give more chance to making box pattern and it will be 18000 ~ 26000. And, for short, we can consider 18000 ~ 22000.
The price will goes up for this week and we may have chance to sell on 22000 soon.
Let's see how it moves.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
