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Wednesday, October 09, 2019

BTC UPDATE......OCT 9 2k19

Cryptocurrency Update

BTC is back consolidating at the moment, but it does appear that price is forming another wedge or triangle type pattern.
To the downside, $7,800 looks like the support level along the bottom, while the $8,400 mark is the top of the downtrend line.

As we’ve seen before, Bitcoin does like to coil tightly and break out, so I would again suggest looking for an opportunity to go with a break and play the momentum spot.
Ideally, this one breaks to the downside, for more bang and good follow-through.
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