Bitcoin plan until FOMC
The pullback to ~$22.1k-$22.5k.
Hot CPI on Mar 14.
Dump to these supports: ~$20400, ~$19.7k, and the final and vital target for this leg down would be 0.618 Fib level (~$18.7k) until FOMC on Mar 23.
Fed will announce 0.5 bps rate hike, but this won't affect the market much because it will be priced in.
Then a new consolidation phase + uptrend will begin.
Please hit the boost button if you agree.
Thanks
The pullback to ~$22.1k-$22.5k.
Hot CPI on Mar 14.
Dump to these supports: ~$20400, ~$19.7k, and the final and vital target for this leg down would be 0.618 Fib level (~$18.7k) until FOMC on Mar 23.
Fed will announce 0.5 bps rate hike, but this won't affect the market much because it will be priced in.
Then a new consolidation phase + uptrend will begin.
Please hit the boost button if you agree.
Thanks
Note
It dumped w/o any pullback to ~$22.1k-$22.5k and I'm happy because i'm already in short position. Let's fill my long orders at ~$20.4k, ~$19.7k and ~$18.7k.Note
$20.4k ✅$19.7k ⏳
$18.7k ⏳
Note
$20.4k ✅$19.7k ✅
$18.7k ⏳
Note
All buy targets achieved and I closed my longs here. Time to correction.
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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.