BTC. Potential gap fill on the Bitcoin
30 October 2019

BTC has been trading downside and the price tested the level of $9.000. I see potential chance for the gap fill and test of $8.770-$8.356. As long as the swing high at 9.934 is holding, there is the chance for the downside.
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Yellow rectangle – Resistance level

Falling white line – Expected path

Horizontal lines – Support levels

Based on the 4H time-frame, there is potential for the gap fill and test of $8.770. BTC is trading in defined downward channel and the sellers are in control for now. My advice is to watch for selling opportunities near the resistance zone $9.165 with the downward targets at $8.770 and $8.350.



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Performed by Petar Jacimovic
Analytical expert
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