We need to consider Dollar Strengthening with Bitcoin short term prospects.
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or remain unchanged tonight
U.S interest rates will see the Dollar (USD) strengthen
Market Consensus:
The consensus in the market is that the FOMC will keep interest rates unchanged at 2.00%. An additional increase in U.S. interest rates is expected before the end of the year if market conditions allow
Bullish Moves
Im not expecting Bulls to break out yet. :( Sorry to say
"Buy Order: Breakout will ONLY occur when 2 Daily candles close above 8400 (Around Green Area ) or moves above 8666 in a single day
above 8400 (Around Green Area ) or above 8666"
If testing 7750 succeeds and candle on the daily charts closes above this line(7750) I will execute one Buy order with tp 8380 and another with Target open for Moon Trade
Stoploss on these two trades will both be 7520 to give a bit of room to breathe
Bearish Market
Im Leaning towards this one.
I have one trade (25%) short with target set at 6000 level, due to the trend seen in the triangle. Stoploss is set at 8666
I'll take one buy order o current level TP at 8350 and I then see another short at 8370 Make these stoplosses tight!
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or remain unchanged tonight
U.S interest rates will see the Dollar (USD) strengthen
Market Consensus:
The consensus in the market is that the FOMC will keep interest rates unchanged at 2.00%. An additional increase in U.S. interest rates is expected before the end of the year if market conditions allow
Bullish Moves
Im not expecting Bulls to break out yet. :( Sorry to say
"Buy Order: Breakout will ONLY occur when 2 Daily candles close above 8400 (Around Green Area ) or moves above 8666 in a single day
above 8400 (Around Green Area ) or above 8666"
If testing 7750 succeeds and candle on the daily charts closes above this line(7750) I will execute one Buy order with tp 8380 and another with Target open for Moon Trade
Stoploss on these two trades will both be 7520 to give a bit of room to breathe
Bearish Market
Im Leaning towards this one.
I have one trade (25%) short with target set at 6000 level, due to the trend seen in the triangle. Stoploss is set at 8666
I'll take one buy order o current level TP at 8350 and I then see another short at 8370 Make these stoplosses tight!
Comment:
We may experience a Hovering around the 7000 mark. If you can put small buy order with high leverage and tight stop loss. I think we will go all the way to 6000, after which it should propell exponentially. Put buy orders in for bottom range.
Comment:
Not sure if the 6500 level will hold. If it gets to that, the market will move sideways for quite a while after which it should make BOLD MOVES
Comment:
Coinswop
just now
If you haven't already, now is you last time to short Bitcoin 6000 target
just now
If you haven't already, now is you last time to short Bitcoin 6000 target
Comment:
Going long now. Entry 6218
Comment:
Entered a few more long positions at 6300
Comment:
Enter again at 6000, this is a sqeeze
