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Bear trap

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Bear trap

We needed to come down and close the CME gap at 110,000, and then from there what we’re seeing is just a sideways chop while we’re getting earnings from all the magnificent seven companies and the trade details overseas being resolved.

In my opinion, things will resolve soon as bitcoin is finishing up. It’s corrective phase, as we’ve been in the downtrend for the last 2 1/2 months.

Now it’s not the time to get antsy, I personally can feel it myself as the temptation to jump into other coins or assets that are performing well are going higher. However, I have belief that that December 1 quantitative tightening end will help our case going into November as the markets should look to front run that event.

HODL!

submitted by /u/AlphaHouston1
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