TradingView
NakedTrading4U
Mar 22, 2023 5:39 PM

BITCOIN BULL PAUSE PRE-FOMC Long

Bitcoin / U.S. dollarBitstamp

Description

Our BTC HEAD AND SHOULDERS formation played our perfectly from a couple weeks ago

Price action make a very QUICK right shoulder and then broke out, bullishly, away from the NECKLINE, Now I expect bitcoin to go on a massive bullrun

However, first DADDY JPOW is going to come up and raise rates by 25-50 basis points and ruin everyones day, but not mine

USING DIPS TO BUY MORE LIKE A PROPER BITCOIN BULL

Comment

Idea running well already, looking forward to buying on the coming dips

Comment

Bitcoin looks like it will start testing bottoms sometime this week

25-26k is likely but even lower is possible, with 23k being ultimate bottom

Comment

Price action and volumes still are saying to sell but the drop is not coming as quickly as expected. A few more days should see a bottom on bitcoin, lets see if we can get 25k-26k still to load up on more buys
Comments
AlanSantana
We have the same idea... Thanks for sharing.
ChemastroOfficial
Good analysis
NakedTrading4U
@ChemastroOfficial, thanks sir analysis is already playing out very well, keep buying on dips and good luck
More