31.10.201916:55 Forex Analysis & Reviews: BTC 10.31.2019 - Broken falling wednge and new momentum up on MACD, watch for buyhing opportunities

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BTC did break the falling wedge in the background and confirmed more upside. There is potential for the test of $9.500 and even re-test of the $9.900. Watch for buying opportunities on the dips.

Yellow rectangles – Resistance levels and upward objectives

Falling purple lines – Broken falling wedge pattern

Rising purple line – Expected path

MACD is showing new momentum up and potential for more upside in the next period. Resistance levels to watch and potential upward targets are set at $9.430 and $9.500. Anyway, if the BTC start going downside and break the support at $9.200, there is chance for more downside towards the level of $8.950.

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