[09/14] Beast Trading _ Today's Bitcoin Analysis
[09/14] Beast Trading _ Today's Bitcoin Analysis
Before the CPI announcement yesterday, Bitcoin continued to renew its high point, showing a strong rise.
However, the CPI announcement was above and the source Cpi was twice as high as expected, resulting in a strong fall
Coincidentally, after rebounding to the edge of the downward trend line from 69k, that's exactly where the very big drop started.
In an instant, it fell more than $1,000, and NASDAQ also began to fall strongly, eventually, NASDAQ fell more than 6%, and Bitcoin fell nearly 13% as it reached 19.8k.
In terms of transaction volume, it occurred stronger than when it rose steadily, reaching the top line of triangular convergence that was formed before, and is supported in the section.
It's showing a little short-term rebound, but it's resisting in the Fibonacci 0.236 position of the decline, and I don't think we should predict the direction hastily.
The support line hanging below is likely to be supported on each line of the triangular convergence upper line and the lower line, and if this section is broken, it will be 18.5k and then 17.6k.
Bitcoin's one-day candle 533 Stocastic came down strongly, bending its head from the top, but it hasn't come down half yet.
The same goes for NASDAQ Stocastic 533.
(Stocastics is an auxiliary indicator such as RSI.
If the index value is at the top, it is likely to fall, and if the index value is at the bottom, it can be interpreted as overselling (highly likely to rise)
I think we need to check the closing of the main salary.
If last week's beekeeping peak appears, I think we should keep in mind the 17.6k low point renewal.
Before the CPI announcement yesterday, Bitcoin continued to renew its high point, showing a strong rise.
However, the CPI announcement was above and the source Cpi was twice as high as expected, resulting in a strong fall
Coincidentally, after rebounding to the edge of the downward trend line from 69k, that's exactly where the very big drop started.
In an instant, it fell more than $1,000, and NASDAQ also began to fall strongly, eventually, NASDAQ fell more than 6%, and Bitcoin fell nearly 13% as it reached 19.8k.
In terms of transaction volume, it occurred stronger than when it rose steadily, reaching the top line of triangular convergence that was formed before, and is supported in the section.
It's showing a little short-term rebound, but it's resisting in the Fibonacci 0.236 position of the decline, and I don't think we should predict the direction hastily.
The support line hanging below is likely to be supported on each line of the triangular convergence upper line and the lower line, and if this section is broken, it will be 18.5k and then 17.6k.
Bitcoin's one-day candle 533 Stocastic came down strongly, bending its head from the top, but it hasn't come down half yet.
The same goes for NASDAQ Stocastic 533.
(Stocastics is an auxiliary indicator such as RSI.
If the index value is at the top, it is likely to fall, and if the index value is at the bottom, it can be interpreted as overselling (highly likely to rise)
I think we need to check the closing of the main salary.
If last week's beekeeping peak appears, I think we should keep in mind the 17.6k low point renewal.
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.