17/8 BTCUSDT SHORT TERM
BTC has formed a momentum divergence and rejected the up trend at early today with a hard rejection at 24.4k
The Daily uptrend has been breakdown and we shall see a further dump if BTC stay under the trend line after FOMC later today. (2PM US Time)
It all depends on the FOMC result but I am not going to see it goes up due to the breakdown.
Short)
Target:
1/ 22.7 - 22.9k
2/ 21.0 - 21.2K
3/ 17.6k or even lower
4/ Ultimate target at 13k-15k as completion of Weekly Downtrend Bearflag formation.
Long)
Target:
1/26.3k
2/27.3k
3/ You are overthinking on the uptrend.
IMO, I am the bear side now but thats all up to the result after 4 hours.
The Daily uptrend has been breakdown and we shall see a further dump if BTC stay under the trend line after FOMC later today. (2PM US Time)
It all depends on the FOMC result but I am not going to see it goes up due to the breakdown.
Short)
Target:
1/ 22.7 - 22.9k
2/ 21.0 - 21.2K
3/ 17.6k or even lower
4/ Ultimate target at 13k-15k as completion of Weekly Downtrend Bearflag formation.
Long)
Target:
1/26.3k
2/27.3k
3/ You are overthinking on the uptrend.
IMO, I am the bear side now but thats all up to the result after 4 hours.
Note
down down downNote
2nd Target reached. Position Closed
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