Morning all,
Full TA in the video as usual. Some notes:
- First breakdown has occurred
- looking for a bearish retest - a lot of resistance overhead
- Resistance confluence with fib levels and trendlines
- SPX selling off - rejected by the 200SMA and upper trendline. Traders selling and waiting for the FED meeting
- FED meeting 13-14th December
- US PPI Data coming this Friday
- Hawkish / Dovish not 100% sure at this stage
- News starting to turn bearish after a load of bullish hype
- I am expecting a test of the lows 16000 in the next few days and then the FED decision will decide the market
- Alts getting rekt with the drop in Bitcoin and the rise in Bitcoin Dominance
- Keep an eye on Bitcoin CME Futures. Currently facing tough resistance
- No trade at the moment. Look for a bearish retest of previous support or a break of this resistance.
- A break higher could signal a move to $18000
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Full TA in the video as usual. Some notes:
- First breakdown has occurred
- looking for a bearish retest - a lot of resistance overhead
- Resistance confluence with fib levels and trendlines
- SPX selling off - rejected by the 200SMA and upper trendline. Traders selling and waiting for the FED meeting
- FED meeting 13-14th December
- US PPI Data coming this Friday
- Hawkish / Dovish not 100% sure at this stage
- News starting to turn bearish after a load of bullish hype
- I am expecting a test of the lows 16000 in the next few days and then the FED decision will decide the market
- Alts getting rekt with the drop in Bitcoin and the rise in Bitcoin Dominance
- Keep an eye on Bitcoin CME Futures. Currently facing tough resistance
- No trade at the moment. Look for a bearish retest of previous support or a break of this resistance.
- A break higher could signal a move to $18000
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
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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.