BTC is a good sign for a reversal
Updated
After last night's FOMC news, we could see that BTC had a very strong rally next to the Fed raising interest rates. We will discuss some of the factors that support it and look for opportunities to increase profits:
- About the basic information: the FOMC meeting last night marked the first time in the history of the Fed that interest rates increased, but gold increased, BTC increased as well as stocks and energy increased strongly after the announcement. The market explained that the news of a 50-point interest rate hike appeared last month and the market has digested it. The prediction of an increase of 75 points, which was a new expectation before the meeting, was not achieved, so the market had a spectacular reversal phase. Once again, the information is logically made to rationalize the confusing things of the market.
- From a technical analysis perspective: we temporarily get out of the bearish price structure, but enough conditions to confirm the price has reversed are not there yet and this will make us wait more to catch it. get a chance this time. We can completely wait for the price structure to increase on a small time frame to enter a buy setup when the price finds the lower value zone.
My little experience is that when the price has run, we should not fomo anymore, there will always be a correction so we can follow the trend of making profits, so we don't need to be too hasty and not alert enough to just look. on a missed opportunity and forget why we missed it
Wish everyone a favorable trading day
If my idea is useful, please give me 1 like 1 follow
Any questions or requests to analyze other trading pairs, please leave a comment ^^
- About the basic information: the FOMC meeting last night marked the first time in the history of the Fed that interest rates increased, but gold increased, BTC increased as well as stocks and energy increased strongly after the announcement. The market explained that the news of a 50-point interest rate hike appeared last month and the market has digested it. The prediction of an increase of 75 points, which was a new expectation before the meeting, was not achieved, so the market had a spectacular reversal phase. Once again, the information is logically made to rationalize the confusing things of the market.
- From a technical analysis perspective: we temporarily get out of the bearish price structure, but enough conditions to confirm the price has reversed are not there yet and this will make us wait more to catch it. get a chance this time. We can completely wait for the price structure to increase on a small time frame to enter a buy setup when the price finds the lower value zone.
My little experience is that when the price has run, we should not fomo anymore, there will always be a correction so we can follow the trend of making profits, so we don't need to be too hasty and not alert enough to just look. on a missed opportunity and forget why we missed it
Wish everyone a favorable trading day
If my idea is useful, please give me 1 like 1 follow
Any questions or requests to analyze other trading pairs, please leave a comment ^^
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