Quick Analysis of the Current BTC Market [Oct 24,19]

Too Long; Didn't Read

BTC/USD just reached price of $7280 and it is a good support and at this point several indicators intersect: 61.8% fibonacci level, falling wedge support line and Diagonal support line formed by 4 points. Most likely we will continue to move down to the zone of the largest volumes of $6600-6200 where you will see a flat. After that we will find support and this will be a good entry point to the market. The New Year rally is likely to be in the black triangle in the range $6800-8400.