Hey guys,
Bitcoin PA has been quite corrective recently, we tried pushing up today with a big rejection of the $11600 zone and Jerome Powell's speach boosted temporarily the dollar up. The speach itself was about inflation and monetary policy, which remains unchanged and they enphasized, as they always do, that the FED will keep using all the resources it needs to make sure that the economy gets in good shape.
Right now, the Dollar has retraced a bit as so has Bitcoin, I expect this bottom to be held as a "double bottom" instentionally caused by institutions to buy the dip as cheap as possible. Let's see if we can breakout of the descending channel by tomorrow and get in a retest + 61.8% + S&R flip high probability trade.
What do you think ?
Talk soon,
Keep your risk managed
Bitcoin PA has been quite corrective recently, we tried pushing up today with a big rejection of the $11600 zone and Jerome Powell's speach boosted temporarily the dollar up. The speach itself was about inflation and monetary policy, which remains unchanged and they enphasized, as they always do, that the FED will keep using all the resources it needs to make sure that the economy gets in good shape.
Right now, the Dollar has retraced a bit as so has Bitcoin, I expect this bottom to be held as a "double bottom" instentionally caused by institutions to buy the dip as cheap as possible. Let's see if we can breakout of the descending channel by tomorrow and get in a retest + 61.8% + S&R flip high probability trade.
What do you think ?
Talk soon,
Keep your risk managed
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。