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eBlockChain
Mar 16, 2022 8:23 PM

BTC breakout and fake-out Long

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Description

You buy the rumor and you sell the news... following today's Fed's 0.25% interest rate hike, volatility in the market was observed across Crypto, commodities, Wall Street and of curse the DXY (USD Index).

But what how did BTC do?
BTC broke out to the upside on the 4H chart, after a fake-out yesterday downwards.

What is next for BTC?
a break above the 21W EMA (44k) to get into the the bull band for the first time since Dec 4th.
a break above the 200D SMA (48.8k) for the Alts to rally
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