Daily Chart
What we see so far:
24 Sept - strong seller
after that we have 1 month of price consolidation, followed by a strong buyer
25 Oct. - Divergence appeared
Main question is if the last big buyer is real and will he come again to move the price even higher or wait for a better price (under 9k prices) ?
We are currently in the building phase after divergence and the price consolidated in a tight range (10 days).
Trading plan:
1. price can move up from here without testing bottom of this range
2. wait for more test, a test of lower prices can be in play (a spike will be visible on Daily) before further rise of BTC price.
What we see so far:
24 Sept - strong seller
after that we have 1 month of price consolidation, followed by a strong buyer
25 Oct. - Divergence appeared
Main question is if the last big buyer is real and will he come again to move the price even higher or wait for a better price (under 9k prices) ?
We are currently in the building phase after divergence and the price consolidated in a tight range (10 days).
Trading plan:
1. price can move up from here without testing bottom of this range
2. wait for more test, a test of lower prices can be in play (a spike will be visible on Daily) before further rise of BTC price.