Market Update - 21 Mar 22 - Sunday Retracement, BTC Still StrongBTC had its big retracement for the day on Sunday
4hr flushed out late and weekend longs, but held the
important level of 40.7k.
ETH moved very similarly but rejected its monthly open
Other than that just waiting for the NY open to see what the
general markets are doing, other than that we are still
in this high timeframe range.
Trendmaster
Market Update - 17 Mar 22 - FOMC Meeting Aftermarth, BTC gainsThe FOMC meeting was for all intents and purposes a neutral/positive result at least in the midterm
A .25% increase seems to have already been priced in, we just have to wait until the end of the week to see if that theory is valid.
BTC gained the Daily S/R at 40.7k with a great previous daily close and currently holding the level
We are still center range in the grand scheme of things
Still locally long from the gain of the previous Daily S/R at 38.2k
The medium trend is still up and even if we retrace to 39.6k with a wick and hold its would be a healthy retracement
Bullish Daily would be testing/gaining 42k.
If the "Boys" want to be mean and send it back down, expect a local grab of short liquidity before retesting previous local lows
- Still in Scalp Mode, so take profits quickly and generously, and be aggressive and tight with your Stoploss