BITCOIN - 30 Oct 2018 by onepercentbetter

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· @onepercentbetter ·
$25.69
BITCOIN - 30 Oct 2018
![Screen Shot 2018-10-30 at 4.55.22 pm.png](https://ipfs.busy.org/ipfs/QmPeLuHWt8XHpoFBFrLn2nBTTeMZL6YAsKWr3Arvktg8jw)
On 4hr candle chart, candle drop out of channel, dip below 6400 high volume zone and the possible ascending triangle bottom. Looking to fight it back. Likely to come back up in the next few candles.
![Screen Shot 2018-10-30 at 4.54.39 pm.png](https://ipfs.busy.org/ipfs/QmW9GaALJJD2mk1GWgLSgJyH8Wp98P1s3Jke4cma75uHh6)
And indeed it tested the 6400 zone and testing support of the possible ascending triangle bottom. Some shadow bottom to break the stops. RSI and Stoch both in extended zone. Likely for a bounce.

Whale buy wanting to support the price.
News: (Current) | (Upcoming) CBOE BITCOIN ETF, 7 Nov 2018 (may be extended again to 7 Feb or 7 Apr 2019)
|  G20 FATF, Oct 2018
Short term moving average (day candle) : downtrend
RSI : -
Network Value to Transactions Ratio : -
Bitfinex Margin Long/Short Volume Ratio : 0.688
Depth Chart : (S) | (R) 
Weekly Timeframe : 

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vote details (197)
@anforo ·
I think we’ll test 5800 this time(
👍  
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@onepercentbetter ·
only time will tell, lets wait and see how it play out
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