PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets.
BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves.
Currently, it’s hitting strong resistance that’s coming from the downward trend-line.
The projected downwards phase will last until February of...
I think so. The solid red trend line correlates with the solid red measured move.
The dotted red trend line correlates with the dotted red measured move.
If the ascending wedge breaks then look for support from the green trend channel line. If the green trend line does not hold up then look out below and look for the measured moves to play out. Most likely an...
Market has been trading within yesterday's RTH session range during overnight session.
Being a Fed day there probably will be a lot of volatility in the afternoon.
Would need to see a test of overnight Highs before direction.
Level to watch 3135 ---3133
Reports to be aware of are:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Meeting Announcement
we can bounce here and start drop to 26884 and start a new rally from there
Golden Trading Rules:
Keep Trading in Perspective
It is important to stay focused on the big picture when trading. A losing trade should not surprise us—it is a part of trading. Likewise, a winning...