BitcoinLong
🦅 BTC Outlook Oct. 27
Lines on charts
Bitcoin/USD weekly
• We're in a rough area ATM
• Volume is low and trending down
• RSI looks to retest the previous trend line
• we may also be in an upward channel but this is a leg down
• on the weekly, you have to back to May 2020 to see more than 2 red weekly candles
so...
I think we see a pullback to $55,800 and possibly further to $52,500 by EOW. But, next week should push back up. Need that volume to come back though...
Bitcoin/USD weekly
• We're in a rough area ATM
• Volume is low and trending down
• RSI looks to retest the previous trend line
• we may also be in an upward channel but this is a leg down
• on the weekly, you have to back to May 2020 to see more than 2 red weekly candles
so...
I think we see a pullback to $55,800 and possibly further to $52,500 by EOW. But, next week should push back up. Need that volume to come back though...
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