Kerstin_Ohlsson

Almost a week market tension has finally eased

Short
KRAKEN:XBTUSD   XBT / USD
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56
The bulls breakout of a tough $9.6K has swiftly turned out to weakness which the market has missed immensely by now! Today's decision of FOMC is likely to be reflected on this market as well. In this respect the market set-up is clear: we expect a strong US dollar as the result of that vital data release tonight. After a week of literally going nowhere the price seems to be ready to make a big move in the middle of this week. A profitable Wednesday to you all!


Kerstin Ohlsson
Xena Exchange Swinger

Comments

is this invalidated
+1 Reply
@ali7861, No, just an extension within a trap.
Reply
So you still think we are heading towards a 7k-ish correction despite the LTC halving event next Week?
+1 Reply
Kerstin_Ohlsson Sephiroth4269
@Sephiroth4269, Yes, that is right, the graph always plays the prime role, and it shows bear pattern execution.
Reply
Good triangle catch.
Reply
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