Today, Bitcoin it's around $21,230 USD. Also, as my past analysis, I knew that Bitcoin will climb, but I believe that my technical analysis was pretty good, only that trading in day trading, I will need to fix the smart entry as the price lead to my Stop Loss. And well, my analysis need to be little more cheerfully to understand it.
But well, I'm analyzing from my computer and right now, what happen now it's that Bitcoin made a break-out vs. the traditional markets. Because they're a speculation after the FED raise interest rates to 4% on Wednesday, November 2 2022. But economist expect a possible change of monetary policy if the FED seem to be less aggressive to hike interest rates. And also, fundamentally, Bitcoin could to change the way vs the traditional markets. On December, we have in our economic calendar the last interest rate decision and the FED will define how they will bring us the signal what the US central bank do to lead the US monetary policy.
Technically, we see a possible bought as investor sentiment it's seem that want to lead the Bitcoin price to the up. Now, in H4 Bitcoin break-out this symmetric triangle, as I said that it's a possible accumulation zone very good identified. And also, we hope a bought in one of the following level according by Fibonacci analysis in 0.382% ($21.168 USD) and 0.618% ($20,979 USD)
I hope that this analysis support you!!! I will make reviews incoming!!!!
This it's the Daily chart and it's appear that Bitcoin could to continue up toward $22k.
The key word that I found out it's that Bitcoin break out the correlation vs. the traditional markets.
So, in the past week, as I traded Forex and Bitcoin only, I get some loss and some earns. As past week, was a little hard how the market move on. What I result with -6.77% loss according my weekly risk management fix to 6%.
But we see a very clear perspective what happen in the markets.
So guys, I will like to trade Forex combine with some cryptocurrencies, Gold, Silver to earn more expectative for my analysis.
But well, I'm analyzing from my computer and right now, what happen now it's that Bitcoin made a break-out vs. the traditional markets. Because they're a speculation after the FED raise interest rates to 4% on Wednesday, November 2 2022. But economist expect a possible change of monetary policy if the FED seem to be less aggressive to hike interest rates. And also, fundamentally, Bitcoin could to change the way vs the traditional markets. On December, we have in our economic calendar the last interest rate decision and the FED will define how they will bring us the signal what the US central bank do to lead the US monetary policy.
Technically, we see a possible bought as investor sentiment it's seem that want to lead the Bitcoin price to the up. Now, in H4 Bitcoin break-out this symmetric triangle, as I said that it's a possible accumulation zone very good identified. And also, we hope a bought in one of the following level according by Fibonacci analysis in 0.382% ($21.168 USD) and 0.618% ($20,979 USD)
I hope that this analysis support you!!! I will make reviews incoming!!!!
This it's the Daily chart and it's appear that Bitcoin could to continue up toward $22k.
The key word that I found out it's that Bitcoin break out the correlation vs. the traditional markets.
So, in the past week, as I traded Forex and Bitcoin only, I get some loss and some earns. As past week, was a little hard how the market move on. What I result with -6.77% loss according my weekly risk management fix to 6%.
But we see a very clear perspective what happen in the markets.
So guys, I will like to trade Forex combine with some cryptocurrencies, Gold, Silver to earn more expectative for my analysis.
