Hello my Fellow TraderZ,
We are now coming into the most awaited week where we have FED Rate Hike announcement on SEPT 20/21. So as usual US Equity Markets is reacting to the probable Hawkish action of FED, followed by #CRYPTO as well.
Many of us are expecting the rate hike to be between 0.75bps and 1bps. If we see 0.75bps, it is good and more so like #BITCOIN is pricing in by testing the June lows. Incase we see 1bps, this is a disater then and most probably #BTC would stop at 14k.
But here what I see on DTF is that #BITCOIN is coming to support and probably in the making of DOUBLE BOTTOM pattern which is coupling with the BULLISH DIVERGENCE.
Still hoping for the best. Be cautious and Trade well my Fam. CHEERS!!!
We are now coming into the most awaited week where we have FED Rate Hike announcement on SEPT 20/21. So as usual US Equity Markets is reacting to the probable Hawkish action of FED, followed by #CRYPTO as well.
Many of us are expecting the rate hike to be between 0.75bps and 1bps. If we see 0.75bps, it is good and more so like #BITCOIN is pricing in by testing the June lows. Incase we see 1bps, this is a disater then and most probably #BTC would stop at 14k.
But here what I see on DTF is that #BITCOIN is coming to support and probably in the making of DOUBLE BOTTOM pattern which is coupling with the BULLISH DIVERGENCE.
Still hoping for the best. Be cautious and Trade well my Fam. CHEERS!!!