No FOMO- Rejection and also GDP Tomorrow
Hi everyone,
just as expected yesterday price attempted to break back into the ascending channel but it seems to be failing:
There are still 40% chances of it happening but right now a new small dip towards 21,000 is more likely (60%).
With indices attempting a rebound, it would had been great to see BTC back into a positive structure (the ascending channel) and hopefully it will happen before the Fundamentals kick in:
GDP (*Preliminary one, not the big one but still important) is coming out tomorrow and expected to be negative. It will also depend to see 'How negative is it'. Thus itcoins rebound might be delayed a bit more.
ALSO: Mt Gox could become Mt Cock.... stay safe for a while
One Love,
the FXPROFESSOR
*There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
Why Traders
Care It's the broadest measure of economic activity and the primary gauge of the economy's health;
just as expected yesterday price attempted to break back into the ascending channel but it seems to be failing:
There are still 40% chances of it happening but right now a new small dip towards 21,000 is more likely (60%).
With indices attempting a rebound, it would had been great to see BTC back into a positive structure (the ascending channel) and hopefully it will happen before the Fundamentals kick in:
GDP (*Preliminary one, not the big one but still important) is coming out tomorrow and expected to be negative. It will also depend to see 'How negative is it'. Thus itcoins rebound might be delayed a bit more.
ALSO: Mt Gox could become Mt Cock.... stay safe for a while
One Love,
the FXPROFESSOR
*There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
Why Traders
Care It's the broadest measure of economic activity and the primary gauge of the economy's health;
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