At the moment Bitcoin main resistance is 20800 - 21000, if it can't break it properly then it can move to 18447 - 20288 area. Bitcoin support is 20288 and for uptrend it should hold its support which has less chances to hold it.
If Bitcoin breaks its support at 20288 then most probably it will break 20k hurdle for down trend. For uptrend it should break 21500 otherwise its still bearish. According to me its still bearish but let it be more clear after breaking 20288 area.
Don't forget there will be FED Rates at November 2 and most probably Fed will be hawkish and everything will be down. Lets see what will be happened but till than there will be some quick movements so be careful.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
If Bitcoin breaks its support at 20288 then most probably it will break 20k hurdle for down trend. For uptrend it should break 21500 otherwise its still bearish. According to me its still bearish but let it be more clear after breaking 20288 area.
Don't forget there will be FED Rates at November 2 and most probably Fed will be hawkish and everything will be down. Lets see what will be happened but till than there will be some quick movements so be careful.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!