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Awinish
Oct 31, 2021 9:18 PM

Bitcoin symmetrical Triangle Long

Bitcoin Perpetual FuturesFTX

Description

It looks like BTC formed a symmetrical triangle on the 4h and perfectly bounced of the support at around 60K. I think that if we can hold this level of support we'll see a surprising November. But if we lose this level, and decide to go downwards I don't think that November will be that good since tonight (depending on your timezone) we're also having the monthly close.

The RSI indicates that there is more upside potential, so I expect us as at least to re-visit 62K (and hopefully to break that resistance).
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