this outlook is what i'll be looking towards in the upcoming week, if take a look at the higher time frame you can see on the weekly chart we are still holding bullish ms. we are tapping into a higher time frame demand zone the we can see time and time again buyers holding that level. a break below 46500 will signal that we will start shifting into a bearish ms by creating a new LL.
while btc is still bullish on the higher time frame and bearish on the intraday time frame we need to monitor the next week days how we react to 46500K
the US $ has been bullish since june 2020 fomc with the investors jumping in when Jp signal that they are starting to talk about having talks about tapering and then we fast forward to Nov 2020 with tapering finally taking place, investors are looking towards feds tightening the monetary policy by rising interest rates.
we will look towards the US $ as it has extended week after week, im looking to see order flow set up in Q1 of bears on Dollar and Bulls in BTC until we get towards Q2/Q3 when we can start to see interest rate hikes / profit taking by investors.
while btc is still bullish on the higher time frame and bearish on the intraday time frame we need to monitor the next week days how we react to 46500K
the US $ has been bullish since june 2020 fomc with the investors jumping in when Jp signal that they are starting to talk about having talks about tapering and then we fast forward to Nov 2020 with tapering finally taking place, investors are looking towards feds tightening the monetary policy by rising interest rates.
we will look towards the US $ as it has extended week after week, im looking to see order flow set up in Q1 of bears on Dollar and Bulls in BTC until we get towards Q2/Q3 when we can start to see interest rate hikes / profit taking by investors.
