BTC 13/11/2018

Afternoon everybody, sorry for not providing any updates on BTC as of recent, i have been suffering from toothache and it hasnt been pleasant.

From the screenshot of my TradingView seen below, you can see that the symmetrical triangle that i pointed out in my previous posts is still playing out, it temporarily pierced the upper resistance line but soon fell back below and price action resides inside. Now the upper resistance is being retested once again and we will see what follows in the near future.

On a daily chart you can see that BTC is back above the descending triangle upper resistance once again, which should now act as a support. It is also above the 21MA.

For now i believe BTC is just a watch and go with the flow type scenario, i wont long if we dont break out of both triangles with much momentum and a uptick in volume. If we do, ill be longing BTC. I will short if we break down and start heading towards the lower support of the descending triangle.

Thankyou for reading my update and all upvotes and follows are massively massively appreciated!

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Disclaimer: I am not a financial advisor and any of my content should not be taken as financial advice. The information and content provided is purely my own thoughts and intended for informational and entertainment purposes only. This is not investment advice. If you want to invest you should consider consulting with a professional beforehand.