BPOI Daily Bitcoin Update - Patience Required!

Morning all,

Full TA in the video as usual. Some notes:

- Bitcoin is trading under heavy overhead resistance!
- Despite the small move up Bitcoin is still currently printing a lower high.
- That inverse head and shoulders has been added back in based on last night's move (a slightly wider version)
- A bullish move would see a daily candle close above $16790
- My opinion is that Bitcoin will see a move lower to the bottom of the pattern.
- Jobs data Friday - expect volatility!
- Powell speech Thursday - markets will be looking for any hints that might decide the next rate hike
- Next rate hike - 13th / 14th December.

Be patient and stick to your strategy!

Please hit the boost button if you like this update.

Back tomorrow.

Thanks

SIMON BPOI