$BTC resistance #1 or #2 retest? đâđš
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Bitcoin $BTC appears to be bullish short-term. It could buy up fast and sell off around 2pm tomorrow during the fed meeting. This is only speculation of course. This scenario would require the US Dollar $DXY to sell off hard tomorrow morning before the meeting. Theoretically we would see Gold, Oil, and the S&P500 up during the morning session due to the dollar selling off. A bounce like this (often called a dead-cat bounce) would usually last a few days before resuming a downtrend, but with how volatile the markets have been lately....it could happen in a few hours.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Bitcoin $BTC appears to be bullish short-term. It could buy up fast and sell off around 2pm tomorrow during the fed meeting. This is only speculation of course. This scenario would require the US Dollar $DXY to sell off hard tomorrow morning before the meeting. Theoretically we would see Gold, Oil, and the S&P500 up during the morning session due to the dollar selling off. A bounce like this (often called a dead-cat bounce) would usually last a few days before resuming a downtrend, but with how volatile the markets have been lately....it could happen in a few hours.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
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My team is using $BTCM as Bitcoin exposure.
