Bitcoin

Various things point to a Bitcoin Move higher within next 9 days

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There are a number of simple things, basic YA, that points towards A Move from Bitcoin.

The Pennant being printed Right now, with PA squeezed between the 2.618 Fib and a Long Term line of rising Support, could be seen as Bearish
The rising line of support is Strong however and we last touched it back in April 2025 and bounced well.
We arrived there after a long sustained Drive by the Bears to push us down, as is the case right now.

If we zoom into the 4 hour, we see more detail
snapshot

There is a sustained Ceiling (2.618 fib ) and each time PA gets rejected the Bulls step in and we now are working with in a decreasing Range.
But the Bears ARE in control right now and this is why we are were we are now.
PA being Squeezed and heading to an Apex.
PA Always reacts BEFORE the Apex and I expect the latest this could happen to be around the 17Th November.

But the MACD Always shows us another side, a trend formation.
Lets look at the Weekly first
snapshot

So we see how the Weekly MACD is falling Bearish still and will likely do so until it meets its first line of support around.....17 November. See the Vertical blue cashed line on the PA 4 hour chart and then look where that is on this MACD chart
Then see the rising dashed line that previous MACD Lows seem to have bounced off.
NOTE, there is a possible inaccuracy here as trends require 3 touches to be Valid....This has had 2. So, we wait to see..........
Otherwise, the projected MACD arriving at Neutral is around 22 December......

The Daily MACD
snapshot

The Fact that Naily MACD has not been this low for a Long time, also points towards a Move in the near future.
In fact, the last time MACD was this low, was March 2025, just beofre PA hit long Term Support and bounced....

Bitcoin Dominance is approaching a local line of support
snapshot

Conclusion
While there are Bullish signs, it should be remembered, we can still drop lower while sentiment fall and the Rotation of Money towards ALTS gains momentum. But as had happened so many times this cycle, Things can turn VERY quick and if you are selling to Buy ALTS< Remain Very cautious

As mentioned in my monthly Candle colour report, I mentioned that November could close Red......But it may not.....it is honestly a very difficult market right now....
But one thing is Certain.. BTC PA will make a bigger move soon......We just do not know for sure, in which direction but for me, the odds are that it will go higher.
Time will tell

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