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BTC weekly

Weโ€™ve got a phenomenal weekly close!

- Multiyear horizontal resistance is broken!

- EMA21 held and now trending up

- Bullish MACD cross

- ADX looks extremely strong


This weekly chart sets us up for a continuation to the upside ๐Ÿ“ˆ
BTC Daily

We almost reached the top of this upward channel

๐Ÿ’กA reasonable pullback from here would be visiting the mid line of the channel which sits around 12.5k

Overall, the picture looks decent. A minor pullback should not scare you

๐Ÿ“Look how healthy the Funding rate is at this point. This is good for the bulls
Bitcoin has spent 92 consecutive days above $10k

Absolutely incredible!
Yesterday the stock market had a pretty bad day, but Bitcoin was flat - we had a doji candle

๐Ÿ“Œ The elections are coming and the main question is how the markets will react

Thereโ€™s a decent probability that the stock market will take a dip

Taking into account the correlation between BTC and S&P500, I donโ€™t expect a severe BTC crash after the elections

๐Ÿ’กWe can just stay flat as we did yesterday while the stock market took a hit
CryptoBullet
BTC Daily We almost reached the top of this upward channel ๐Ÿ’กA reasonable pullback from here would be visiting the mid line of the channel which sits around 12.5k Overall, the picture looks decent. A minor pullback should not scare you ๐Ÿ“Look how healthyโ€ฆ
BTC perfectly hit the top of the channel and got rejected there

Funding still flat, which is incredible

I think weโ€™re not ready to breakout to the upside of this channel yet. Has to spend some time below the top. A pullback here will be a good buying opportunity

๐Ÿ’กGoing above todayโ€™s high would be insanely bullish. In that case I would expect 15k
Look how overheated the market was in 2019 at the same price we are right now - 13k
BTC

Unlike the 2019 rise to 13k, this time the funding doesnโ€™t scream overbought at all

Sentiment is completely different! ๐Ÿ‚

Conclusion:
there is so much room to go to the upside until we get a top
Quite bullish chart: Bitcoin Balance on Exchanges

We see that the number of coins on exchanges has been decreasing since February

๐Ÿ“ That is a sign of new HODLers coming in and buying Bitcoin and moving it to cold storage

[ Thatโ€™s a very consistent bullish behaviour we saw in 2016 before the moon run of 2017 and also in the 3-4k bottom in 2019 before 13k top ]

And currently we are seeing the major scoop-up off these spot exchanges and moving coins to cold storage

Itโ€™s never been this long (very bullish) ๐Ÿ‚
๐Ÿš€ BTC has officially exceeded the 2019 High!


The month of October closes today. Very curious at what price November will start
๐ŸŽ‰ Happy 12th Birthday Bitcoin!
Oct. 31st, 2008 Satoshi Nakamoto shared the Bitcoin whitepaper with the world

From the Bitcoin whitepaper: โ€œA purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institutionโ€

๐Ÿ“Œ To note:

Bitcoin: a digital currency with limited and known supply, no borders, and no central group controlling it.

US Dollar: a digital currency with unlimited and unknown supply, border restrictions, and controlled by a banking cabal.

What's in your wallet?
BTC Monthly

Weโ€™ve got the second highest monthly close in Bitcoinโ€™s history!

If it does go above local highs and breaks through 14k, then I would be actually expecting this to lead to potentially a very big move

๐Ÿ“13.9k is a very significant level

If we can flip it to support, my next macro target is 17k ๐ŸŽฏ
CryptoBullet
BTC update ๐ŸŽฏ Target Reached! Profit 18% without leverage
BTC weekly update

Look how perfectly that 1.618 Fib level is holding as resistance!

Last weekโ€™s candle closed just below it and this weekly candle is being rejected so far

๐Ÿ‚ This still has a lot of bullish momentum
๐Ÿš€ 100 consecutive days above 10k!

This is the longest Bitcoin has ever spent above the 10k level

We may never get a chance to see Bitcoin below $10,000 on the closing basis
BTC ๐Ÿ‘€

The current consolidation is very similar to what we had back in April 2019

It doesn't have to breakout exactly like that and repeat history, but what ifโ€ฆ
MA200 has officially made an All-Time High!

This is very bullish for BTC ๐Ÿš€
Look at what happened last time MA200 made ATH after a bear market

BTC entered a full-blown bull market!
CryptoBullet
BTC ๐Ÿ‘€ The current consolidation is very similar to what we had back in April 2019 It doesn't have to breakout exactly like that and repeat history, but what ifโ€ฆ
So, that escalated relatively quickly ๐Ÿš€

BTC skyrocketed according to my projection and hit my target ๐ŸŽฏ

This is what a perfect call looks like
CryptoBullet
BTC update ๐ŸŽฏ Target Reached! Profit 18% without leverage
Update

๐ŸŽฏ Target Reached! Profit 37% without leverage

If we go higher, next target is 2.618 Fib (~ 19k)
Bitcoin had not had three positive consecutive quarters since 2017. During that year, BTC reached its all-time high at $20k following its second block reward halving in 2016

๐Ÿ“October has been a great month - BTC rose by 28.2%

The biggest moves on the market tend to happen in November-December

For instance, in November 2017 BTC went +54%

This month (November 2020) BTC is showing +11% so far

Excited what end of Q4 brings
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