Hey, traders. There were big movement on Bitcoin chart.
Let's see how it moved quickly.
We can see
1. 18000 ~ 26000 box pattern and midlle line is on 22000.
2. the price dropping by resistance of the middle line.
3. ichimoku cloud is being support.
We should check
Wednesday - EIA Short-Term Energy Outlook
Thursday - US Core CPI (MoM) (Oct), US CPI (YoY) (Oct), US CPI (MoM) (Oct), US Initial Jobless Claims
Friday - Bristain GDP (MoM), German CPI (YoY) (Oct)
We can expect
1. the price keep dropping to bottom line (hold short position)
2. jumping from the bottom support of the box pattern on 18000.00 (chance to buy)
There were collapse today for some reason but seems like ichimoku cloud made a role for support.
After taking all repulsive purchases, the price will drop again to bottom line of the box pattern.
(Fed is still hawkish and outlook of the interest rate is over 5.00%. Some analysis shows outlook of it 5.50%)
Let's see if we can have a chance for long position from the bottom line.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Let's see how it moved quickly.
We can see
1. 18000 ~ 26000 box pattern and midlle line is on 22000.
2. the price dropping by resistance of the middle line.
3. ichimoku cloud is being support.
We should check
Wednesday - EIA Short-Term Energy Outlook
Thursday - US Core CPI (MoM) (Oct), US CPI (YoY) (Oct), US CPI (MoM) (Oct), US Initial Jobless Claims
Friday - Bristain GDP (MoM), German CPI (YoY) (Oct)
We can expect
1. the price keep dropping to bottom line (hold short position)
2. jumping from the bottom support of the box pattern on 18000.00 (chance to buy)
There were collapse today for some reason but seems like ichimoku cloud made a role for support.
After taking all repulsive purchases, the price will drop again to bottom line of the box pattern.
(Fed is still hawkish and outlook of the interest rate is over 5.00%. Some analysis shows outlook of it 5.50%)
Let's see if we can have a chance for long position from the bottom line.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
