Morning all,
First video update for TradingView. The analysis is all in the video.
Notes:
- Possible decoupling from SPX, Nasdaq
- SPX, ES1 sitting under overhead resistance and may see a move lower which could pull Bitcoin down with it.
- FED FOMC had little impact (less volatility than expected) - The expectation is a 50BPS hike in December
- CME Futures - Gap filled! Moving lower
Bitcoin
- Trading in a falling wedge on small and large timeframes - We need volume confirmation and a break of these trendlines and key fib levels for any short term bullish positions
- Short positions are stacked on Bitfinex - Possible shorts squeeze?
- Be patient and remember to wait for the areas of value.
- Very hard to trade right now as any FUD will move the market.
- Should you have any questions feel free to reach out.
Thanks
Simon
First video update for TradingView. The analysis is all in the video.
Notes:
- Possible decoupling from SPX, Nasdaq
- SPX, ES1 sitting under overhead resistance and may see a move lower which could pull Bitcoin down with it.
- FED FOMC had little impact (less volatility than expected) - The expectation is a 50BPS hike in December
- CME Futures - Gap filled! Moving lower
Bitcoin
- Trading in a falling wedge on small and large timeframes - We need volume confirmation and a break of these trendlines and key fib levels for any short term bullish positions
- Short positions are stacked on Bitfinex - Possible shorts squeeze?
- Be patient and remember to wait for the areas of value.
- Very hard to trade right now as any FUD will move the market.
- Should you have any questions feel free to reach out.
Thanks
Simon
BPOI - CRYPTO TRADING GROUP:
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bpoicryptotrading.com
LATEST NEWS:
bpoicryptonews.com
FREE TELEGRAM NEWS CHANNEL:
t.me/bpoicryptotradingnews
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BPOI - CRYPTO TRADING GROUP:
bpoicryptotrading.com
LATEST NEWS:
bpoicryptonews.com
FREE TELEGRAM NEWS CHANNEL:
t.me/bpoicryptotradingnews
bpoicryptotrading.com
LATEST NEWS:
bpoicryptonews.com
FREE TELEGRAM NEWS CHANNEL:
t.me/bpoicryptotradingnews
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.