BTC Weekly Update November 3, 2019

Cryptobias Funke
Nov 3 · 3 min read

If we zoom out, we can see price is up against some heavy resistance, both from an order block perspective and a historical level of weekly resistance. While currently at EMA support, the EMAs (8,21,34) are flattening out, indicating the upward trend is stalling.

Another confluence of resistance comes from the top of the Ichimoku cloud and basis/mid of the b-band.

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