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BTC QUICK UPDATE AFTER FOMC!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC gives a fakeout during FOMC and trapped many longs. After FOMC, we saw a sharp dump and the price hit the $26.6k level. So what's the next possible scenario from here? Let's discuss this. According to the chart. BTC breaks down the ascending triangle and currently looks like it is going for a retest. So there's a possibility to hit the $28k level again and if we see rejection from there then we see another drop up to the $26k level. What do you think about this? Let me know your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
4
NVDA SHORT!! HIGH Probability Retrace to $200NVDA has been on a tear higher lately as has all of Tech despite the Banking failures. It seems everyone thinks Tech will outperfrom with lower yields. What people are failing to realize is that Lower yields are a sign of a flight to safety in BONDS and this implies a POOR Economic outlook. One of the 1st sectors to get his hard in a recession is TECH. Here NVDA is up against MAJOR Resistance on multiple time frames and notice all of those resistance lines converge between $255-$270. Several Broken trendlines are shown and notice that price has retraced to the "scene of the crime". Now Broken Support of those trendlines become a test of Resistance. With TL resist and Horizontal Resist all in this area this is a great area to SELL into the rally. SHORT NVDA at anything > $257. ADD To shorts up to $270 level. Max position is 10-11%% Capital in trade. This risks 1% if a CLOSE > SL = $280.16. Downside Target Price ~$200. 2.49 Reward:Risk Ratio Trade what you see!!
NASDAQ:NVDAShort
by eganon69
7
BTC UPDATE! NEXT RESISTANCE IS AT $28K-$32K ZONE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this weekly BTC update. Currently, BTC is trading at the $27.5k level and there is no stopping for BTC yet. It continuously pumping from the $19.5k level. Also, it gives a daily close above the $25.5k level which is a bullish sign. Everyone is expecting a pullback but it gives a pullback when no one was expecting it. This is how this market works. According to the chart, the next resistance zone for BTC is the $28k-$32k zone where we can expect some pullback. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
COINBASE:BTCUSD
by CoreCrypto1
2