[09/23] Beast Trading _ Today's Bitcoin Analysis

BINANCE:BTCUSDT   Bitcoin / TetherUS
Beast Trading _ Today's Bitcoin Analysis

Bitcoin fell to 18.1k after the FOMC announcement, but it quickly recovered and created an upward trend.

Since then, it has continued to rise until the opening of the NASDAQ, and there has been a decline like an adjustment near the opening time of the NASDAQ

When analyzing the sections before and after the opening of NASDAQ, the former was close to the impulse wave, and the latter was close to the abc adjustment wave.

Since the starting point is the impulse, it seems that there is one more wave increase left for now, which was carried out by the impulse that was carried out by ABC on a large scale.

The shape of the last wave is predicted to be an impulse or an ending diagonal , and the current shape seems a little more likely to be an ending diagonal
(Blue line is bullish impulse, Purple line is ending diagonal )

After that, there is a high probability of a short-term decline or a strong trend decline.

I think the current position is quite difficult to predict the direction of the bitcoin .

Because there are so many directions and perspectives, you should respond well when your analysis is wrong.

Put a stop limit on the point where you think your point of view is wrong, and respond slowly by watching the Bitcoin movement!

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