Market Update - 17 Mar 22 - FOMC Meeting Aftermarth, BTC gains
The FOMC meeting was for all intents and purposes a neutral/positive result at least in the midterm
A .25% increase seems to have already been priced in, we just have to wait until the end of the week to see if that theory is valid.
BTC gained the Daily S/R at 40.7k with a great previous daily close and currently holding the level
We are still center range in the grand scheme of things
Still locally long from the gain of the previous Daily S/R at 38.2k
The medium trend is still up and even if we retrace to 39.6k with a wick and hold its would be a healthy retracement
Bullish Daily would be testing/gaining 42k.
If the "Boys" want to be mean and send it back down, expect a local grab of short liquidity before retesting previous local lows
- Still in Scalp Mode, so take profits quickly and generously, and be aggressive and tight with your Stoploss
A .25% increase seems to have already been priced in, we just have to wait until the end of the week to see if that theory is valid.
BTC gained the Daily S/R at 40.7k with a great previous daily close and currently holding the level
We are still center range in the grand scheme of things
Still locally long from the gain of the previous Daily S/R at 38.2k
The medium trend is still up and even if we retrace to 39.6k with a wick and hold its would be a healthy retracement
Bullish Daily would be testing/gaining 42k.
If the "Boys" want to be mean and send it back down, expect a local grab of short liquidity before retesting previous local lows
- Still in Scalp Mode, so take profits quickly and generously, and be aggressive and tight with your Stoploss
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