💥Gonna keep the idea short, especially since I'm still off work and have yet to sleep so I definitely need to. Anyway Bitcoin tested that $19,551 mark basically before moving back down to $18,840's where it found support extend three points. That'll be the next support to watch should we fall down but to follow up from yesterday's morning TA here's that chart:
💥And then here's what played out after.
💥Bitcoin basically exited out upwards from that wedge and in doing so also regained that 200 EMA holding it for a bit before losing it and once again visiting that $18,850's mark basically before moving on back up from support and hitting that $19,500 resistance. If we lose that 200 EMA we could possibly be in for quite a bit of a drop depending on when or where support kicks of course, that's why those markings are great to watch as always up on the chart and press that play button.
💥Gonna leave the idea here for now since I'll likely post later if able but you already know how I am, simply showing things as I see them and my view point, watch those EMA's with the 200 and 100 EMA's being the most defining ones to pay mind to with the 20/50's leading first usually but things kicking in real hard once those 100/200 EMA's are crossed of course.
💥That's the TA part but the main part which is important is that at 2:30 PM ET the Federal Reserve will be releasing their Federal Reserve Statement on their Fed Rate Hike and the main guess is that it'll be 75 BP's, 0.75% basically is what most analyst are guessing. However depending on how aggressive the Fed wants to be they could possibly even do a 1% which is an outside chance for sure. Though even with that being an outside chance if it were to happen it would definitely cause some pain to the market and with us already knowing how the market acts based on practically every word of Jerome Powell's what is said at his talk can definitely impact us hard just like that CPI data did so be on watch with those charts and that speech!
💥If you'd like to leave a like or follow it'd be much appreciated as always of course, simply doing what I can and giving my take and opinions on things. And of course none of this is financial advise, simply my opinion and take on the markets and what I'm charting/looking at. Always be sure to do your proper DD and trade responsibly! Thank you.
~ Rock '
💥And then here's what played out after.
💥Bitcoin basically exited out upwards from that wedge and in doing so also regained that 200 EMA holding it for a bit before losing it and once again visiting that $18,850's mark basically before moving on back up from support and hitting that $19,500 resistance. If we lose that 200 EMA we could possibly be in for quite a bit of a drop depending on when or where support kicks of course, that's why those markings are great to watch as always up on the chart and press that play button.
💥Gonna leave the idea here for now since I'll likely post later if able but you already know how I am, simply showing things as I see them and my view point, watch those EMA's with the 200 and 100 EMA's being the most defining ones to pay mind to with the 20/50's leading first usually but things kicking in real hard once those 100/200 EMA's are crossed of course.
💥That's the TA part but the main part which is important is that at 2:30 PM ET the Federal Reserve will be releasing their Federal Reserve Statement on their Fed Rate Hike and the main guess is that it'll be 75 BP's, 0.75% basically is what most analyst are guessing. However depending on how aggressive the Fed wants to be they could possibly even do a 1% which is an outside chance for sure. Though even with that being an outside chance if it were to happen it would definitely cause some pain to the market and with us already knowing how the market acts based on practically every word of Jerome Powell's what is said at his talk can definitely impact us hard just like that CPI data did so be on watch with those charts and that speech!
💥If you'd like to leave a like or follow it'd be much appreciated as always of course, simply doing what I can and giving my take and opinions on things. And of course none of this is financial advise, simply my opinion and take on the markets and what I'm charting/looking at. Always be sure to do your proper DD and trade responsibly! Thank you.
~ Rock '
