BTC Update:
These are the 2 scenario's I will keep in my mind for coming Q4..
2 Day timeframe
https://www.tradingview.com/x/tcY2V3oJ/
Blue = we could follow the 21 Weekly EMA support and form some sort of ascending triangle, like we seen in 2015/16 at the start of the last bullmarket ( Chart Weekly Timeframe comparison 2015/16 - 2020/21) which we according to the structure will likely breakout during November.
Orange = we could see a breakdown and form some sort of bullflag.. which could also breakout somewhere in November if 8700 9k support holds.
I will adapt to any changes that will indicate a different scenario because we have a lot of variables in the world now like the USA elections beginning of November and tougher Covid-19 restrictions that will come back and/or in most countries already being implemented..
But going purely with Technical Analysis I expect November and December to be bullish.. when key support levels hold, we could see a bullrun and break 12k.
CIT
