#Bitcoin Daily chart update! 11/11/19 6:35 pm EST

Bitcoin price continues to retreat and I am watching the fib zones nearby to provide additional support . We are entering an area of structural support based on previous price action but so far the responses are pretty anemic. 9000 should now provide solid resistance so we need to get above that to start getting the engines warmed up. The trendline coming from the 10k china highs is another thing we need to cross. The idea remains that of an upcoming rally to above 14k highs at the completion of the pattern. There is a bearish case as well that I won't go into on this update, but you can watch my vid on YT that explains it.

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Commentaire:

new video posted on YT . see profile for info.