BTC/USD and BTC/JPY Technical Analysis November 6 2017

BTC/USDBitcoin pulled back a bit during the day after initially trying to rally on Friday, as $7500 has offered a bit too much in the way of resistance. That makes sense though, because quite frankly we have gotten a bit overextended. At this point, I’m more than willing to wait for a pullback towards the $7000 level, perhaps even the $6800 level to go long.
BTC/JPYBitcoin also tried to rally during the session against the Japanese yen, showing signs of exhaustion at the ¥850,000 leve