Glad to see you guys again. Hope you are having great day.
Let's see how Bitcoin chart is like and what's favorable trade.
Because of Powell's speach at Jackson Hole Symposium, the price of bitcoin had broken the ascending channel.
It became brand-new game from what we expected before.
Let's check the chart.
We can see
1. short-term ascending channel had broken
2. the first resistance on 22000.00
3. the second resistance on 23000.00
4. the support on 18000.00
We can expect
1. the chance to sell on first resistance on 22000.00
2. the chance to buy on fisrt support on 18000.00 which lowest price for 3 months.
3. the chance to sell on second resistance on 23000.00
4. if the price break through the first resistance, we can have chance to sell on 26000.00
5. if the price break through the first support, it can be dropped till 14000.00
It's not on the chart, but I believe there is chance that the price would be locked on 18000 ~ 22000 and making box pattern untill FOMC on September.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
Let's see how Bitcoin chart is like and what's favorable trade.
Because of Powell's speach at Jackson Hole Symposium, the price of bitcoin had broken the ascending channel.
It became brand-new game from what we expected before.
Let's check the chart.
We can see
1. short-term ascending channel had broken
2. the first resistance on 22000.00
3. the second resistance on 23000.00
4. the support on 18000.00
We can expect
1. the chance to sell on first resistance on 22000.00
2. the chance to buy on fisrt support on 18000.00 which lowest price for 3 months.
3. the chance to sell on second resistance on 23000.00
4. if the price break through the first resistance, we can have chance to sell on 26000.00
5. if the price break through the first support, it can be dropped till 14000.00
It's not on the chart, but I believe there is chance that the price would be locked on 18000 ~ 22000 and making box pattern untill FOMC on September.
Thanks for reading, and hope this insight is helpful. Let's see how it works.
