#BTCUPDATE - 31.OCT.21 - VOLATILITY INCOMING
#BTCUPDATE - 31.OCT.21
VOLATILITY INCOMING
The usual end of month option expiration volatility is expected tomorrow. Impossible to confirm whether bullish or bearish although given the current pattern then it is looking more like retesting $62k and then $61k before a larger move up to possible $64k region after breaking out of this short term symmetrical triangle.
Should we break down and lose $60k this time then we may end up seeing $58k - and we will likely see a us ranging in a descending triangle from there.
Realistically we need to see what tomorrows expiration brings but I am still leaning towards a bullish sentiment.
VOLATILITY INCOMING
The usual end of month option expiration volatility is expected tomorrow. Impossible to confirm whether bullish or bearish although given the current pattern then it is looking more like retesting $62k and then $61k before a larger move up to possible $64k region after breaking out of this short term symmetrical triangle.
Should we break down and lose $60k this time then we may end up seeing $58k - and we will likely see a us ranging in a descending triangle from there.
Realistically we need to see what tomorrows expiration brings but I am still leaning towards a bullish sentiment.
