BTC may be testing previous lows this week - Posting 21-10-24

24 Okt 2021

We currently have a selling candle but not a strong one. The wicks below are currently longer indicating buyer strength but the candle is closing lower so far so mixed signals at this point. Hate to sound like a broken record (do many of you even know what that means lol - "What's a record?") but this continues to look like more consolidation around this 23.6% level. Still looking for BTC to break out again and continue the uptrend. Profit Taking more than likely the cause of the dramatic move down after hitting all time highs last week.