BTCUSD Price (Oct 21 to Oct 27)

27 ต.ค. 2019

BTC/USD had finally broke out the long term downtrend line since 5 Jul and closes at price of 9600. This indicates more bullish players are coming in to push the price further up, potentially to price of 10297.
Note that price found its support at 9010 at Oct 26, showing more buyers are willing to buy at higher price to keep the bullish momentum going - higher low and higher high formed

I would like to see the following price action setup(s) to confirm a higher probability of continuous uptrend and entry:
1. To see a continuous gradual form of Higher High and Higher Low forming and eventually breaking out the parallel channel trend- indicate buyers are willing to purchase at higher price, which forms the higher low

Overview
Remain bullish as price is still showing signs of strength in going upwards.

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Best Regards & Good trading!
Leo_X