Bitcoin waiting for the Fed rate, what to do?
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Good afternoon, congratulations to all traders who traded yesterday's long scenarios, a detailed description was in the last post, Bitcoin managed to consolidate above the level of 18500 from where the immediate buyer reaction followed, came clearly to the level of 19600 (closing of the gap) and started a rollback movement, what development of the situation can we expect today? The whole market is waiting for the Fed interest rate decision, 75 bps is already priced in, if they still announce 100 bps, let's go down, also important to watch the spx500 on an opening day
Long
In order to move up, it is necessary to trade above 19200, in the case of trading above this level $20030 is waiting for us, if the seller's reaction is moderate let's go to 20500.
Short
Bitcoin will trade below $19200, the SPX500 index will show a decrease at the opening, and at 21:00 we will see an increase of 100 bps, bitcoin will go to the break
P.S.
In my analysis of the instrument, I do not stick to the time frame, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
Translated with DeepL.com/Translator (free version)
Good afternoon, congratulations to all traders who traded yesterday's long scenarios, a detailed description was in the last post, Bitcoin managed to consolidate above the level of 18500 from where the immediate buyer reaction followed, came clearly to the level of 19600 (closing of the gap) and started a rollback movement, what development of the situation can we expect today? The whole market is waiting for the Fed interest rate decision, 75 bps is already priced in, if they still announce 100 bps, let's go down, also important to watch the spx500 on an opening day
Long
In order to move up, it is necessary to trade above 19200, in the case of trading above this level $20030 is waiting for us, if the seller's reaction is moderate let's go to 20500.
Short
Bitcoin will trade below $19200, the SPX500 index will show a decrease at the opening, and at 21:00 we will see an increase of 100 bps, bitcoin will go to the break
P.S.
In my analysis of the instrument, I do not stick to the time frame, the reaction in the instrument can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, a couple more secrets, but you already have some ready-made material)))
Translated with DeepL.com/Translator (free version)
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