BITFINEX:BTCUSD   Bitcoin
We are all watching price action, we are all shouting 20K hoping this will move the charts by hope alone. Many traders are looking to make up for the losses from 2017 maybe you bought in at 18K and thought the fudd about 30K Bitcoin was a no brainer....and then reality set in. 2018 was a BLOODY year many people exited the market and will probably never return. we have seen BTC as low ar 3200 dollars in 2019 and in a few weeks, we surpassed the 10K mark, lets pause for a minute. The good news is an investor bought at 3K and in a few weeks tripled their investment, the bad news is the inverse is also true! Now we see BTC shooting up from 7K to the covenant 10k in about 2 days, we can thank China for that one. Looking at the chart I laid out BTC is struggling to break the 10K ceiling (which is good news) volume is down and selling pressure preventing BTC for rallying. This Short squeeze is over and it's my belief that BTC will test the 10k mark any time between now in mid-NOV. I do believe it will break the 10K either in Dec or the first part of 2020 the market is going through a consolidation period and will rally in time. This is not without concern any lessonS to take from 2017 is BTC will nose dive, shake off the weak hands and rally to the moon in a matter of a few weeks. Let's trade carefully and remember Crypto is a highly volatile market and 9500 is not a lot to pay for BTC when it reaches 18K but it's unsettling if BTC goes back to 3K. Take some profits at 10K (thank me later) and set an exit point if BTC takes a downward trend.

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