- In my opinion we are on accumulation zone of bitcoin, total amount of bitcoin inflow on exchanges is negative in the last 30 days.
- BTC is trying to breakout and reclaim 20k.
- The next resistance areas are on the chart above
- But i think it's not a big move yet, could be a small bullish move only before correction on the next 25-28th Oct.
- The invalidation for this minor structure is at below 18k
הערה:
BTC
DXY
1. Is now at local resistance 20.3k and approaching the next resistance 20.8k.
2. This pump was because #dxy broke its diagonal support and is now staying above local support.
3. Small bounce upwards from here is possible for dxy, if so btc will go down again.
4. Will wait and see, taking partial profit and move stop at entry on btc.
5. 28th oct is coming, open new long position in the end of this month is not recommended.