Today we hear about the USA Federal Reserve decisdion on interest rates.
The expectation is for them to be Lowered.
BUT there is a chance of NO change.
"Lines" dropping from Left to Right are Fib Circles.
Bitcoin PA is up against the 236 Fib Circle that has been recent resistance.
We also have the trend line that has been rejecting PA since ATH.
The Arroe points to the intersection of the two, the point of ;east resistance ( Aroow ).
PA tried yesterday to break through and Got Rejected on First attempt.
Just below is the faint dashed liner. This is Cycle support, with origin in Summer 2023 and could be enough support to keep PA trying to break through that 236 Fib circle.
And the Rate decision today will CERTAINLY be a major part in this move.
The Daily MACD
Shows plently of Room to move higher.
The 4 hour also has room to move higher
The Weekly is still falling byt very Very Oversold now. Strength for longer term moves exist
The Daily RSI
Very similar to MACD
Room on most Time Frames for continued moves higher.
So, We wait for the FED>
I am beginning to get that lovely feeling that things will turn GREEN again very soon.....providing the USA allows it ;-(
I am uncertain as to how I feel that Bitcoin is now such a Corporate "Tool" but that us where we are.....
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.