evasivesteering

BTC the next days

BITSTAMP:BTCUSD   Bitcoin

BTC is moving in a bullish ascending triangle. However, it can break out or break down with equal probability, in my opinion.

It'll depend on FOMC meetings this week (on the 1st and the 2nd November).

I hope that this brief analysis could help a little bit.

Have a nice new week and be careful with FED news.

Comment:
BTC follows the red path. It tries to hold the EMA 50D but in this context, it is likely that BTC wouldn't hold this level. In this case the next support will be $19000.

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