Weekly Market update analysis

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The market is looking for new support levels above $3.000
It is likely that we see the price action of last week going forward to to October.

I'm cutting the trading here since I want the market to choose a direction firts. It is now consolidating, which is good after the huge run up lately.

I've made up three charts with different timeframes. You see a clear sideways channel came in play on the 4-hour chart. I'm curious if we hold that support line. If so than I'm willing to scale in and size up above an eventually breakout at $4.150-$4.200

4 hour chart

2017 09 23 BTC 4hr.JPG

1 hour chart
2017 09 23 BTC 1hr.JPG

Daily chart
2017 09 23 BTC Daily.JPG

One of the more major events that will take place in October is held in Las Vegas, the money20/20 event.

Have a great weekend.

makeithappen

Weekly Market update analysis | Ecency