THELOGICALINDIAN - Hello and acceptable to News BTCs Market OutlookNovember
BTC/USD
Bitcoin exploded to the upside yet afresh on Wednesday, slicing through the $7000 level. However, there is a lot of babble extending to the $7600 level, and it does attending like we are accepting a bit overbought on the 4-hour chart. With the stochastics bridge in the overbought zone, I doubtable that it’s alone a amount of time afore we do cull back. I attending at these pullbacks as affairs opportunities, and accept that the $6500 akin will action a bit of a “floor” below.
BTC/JPY
Bitcoin rallied adjoin the Japanese yen as well, breaking aloft the ¥800,000 level. We do attending a little amplitude now actuality as well, and I see that we are aggravating to anatomy a cutting brilliant on the 4-hour chart. Because of this, we will apparently get a pullback, but I would ahead that there should be affluence of buyers below, abnormally abreast the ¥775,000 level.
Thanks for watching, I’ll be aback tomorrow.
