BTC emergency update 06.10.2021

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(Edited)

BTC is trying to break out of the downtrend after retesting weekly support at 40k!!!

If this weeks weekly candle closes above 53k, it is basically game over for the bears.

We could possibly see a bullish retest of the trendline one week later, but I highly doubt that we will ever see 40k again if we get this weekly close above 53k.

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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Have a nice day :-)

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