BTC Daily - FED speaks today. Watch out!
At the morning we saw nice drop on BTC and that way marketmaker formed supporting trendline
Resistance we formed during Asian session. That makes triangle formation finished and end of that formation will be exactly during fundmental news..
At 09:10 New York time FED Chairmen Powell will speak. Usually during such events market has decreased volatility beforehand and becomes extremely volatile when speaker speaks so it's better to stay out. Especially if you are scalping.
Also at 09:30 Initial Jobless Claims data will be released which can destabilize the market even more.
Personally I will stay out of the market today cause I don't want to risk my profit.
Remember, not having a position is also a position.
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
Resistance we formed during Asian session. That makes triangle formation finished and end of that formation will be exactly during fundmental news..
At 09:10 New York time FED Chairmen Powell will speak. Usually during such events market has decreased volatility beforehand and becomes extremely volatile when speaker speaks so it's better to stay out. Especially if you are scalping.
Also at 09:30 Initial Jobless Claims data will be released which can destabilize the market even more.
Personally I will stay out of the market today cause I don't want to risk my profit.
Remember, not having a position is also a position.
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
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