BTC Update! Patience

Oct 18, 2018

Well not a ton going on here but figured it had been several days so would throw a chart up. Last chart we had just gone through the Tether mess. Things settled down and well, really just settled. We are trading extremely tight range with not a ton of action. Alts had some nice pumps so personally played a couple of those but BTC itself is just relaxing. I added a bit of a triangle here. Guess an ascending triangle but main thing I need to see if will the bulls break $6500? Just as stated last week, $6000-6500 or so is really just not very interesting to me. We know the bulls want to support 6k and currently the bears are keeping it under $6500 minus the tether mess which briefly shot to $6800. I laid down a few potential supports at $6412, $6375 and $6345 but really if $6400 starts failing/we fall out of this triangle, I'd expect everything to cave and we get a flush down to hopefully be bought right up by the bulls waiting at $6-6200 range. Which just leaves me personally in the same boat of 6-6.5k isn't all that appealing. Far better trading opportunities elsewhere in my opinion.

Just My 2 Sats!