Local Resistance: $13,3588 Next Resistance: $13,854
Fundamentals: -4th Nov. Elections FUD - Very Bearish -Stimulus Cheques - Potentially Very Bullish - Paypal BTC Payments now live - Very Bullish
Indicators: - Bearish Ribbon - Upward Regression Channel - Neutral Future Pivot - Bearish Untested Weekly - Large bullish wick rejections - Strong support at 12.9k forming - BPT Trender is Bullish
Personal Opinion: Bullish overall sentiment continues, a needed correction. Still bearish in the short-term and looking like a retest of the 12.9k could be likely where lower regression channel meets support, then strong upwards movement will resume. I think it will be a controlled decent with very heavy buying pressure coming back in at this next level. If we lose this support then then I think it will be a staggered decent to the 12.1k before the whales get fully back in.
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