The FED tells us that borrowing will remain as expensive as it was before, No change and so now, we see traders relax and BTC PA rises.
Bitcoin is now showing Huge strength, bang on time
The Blue Dashed line above is the current ATH and we may end up near there in the next few weeks, providing we keep momentum.
Before this, we may see PA slide down the top side of this red 236 Fib circle, using it as support while the Daily MACD cools off. The Daily MACD is not oversikd tghough, so can push higher yet.
PA also broke over the 2.628 Fib extension. It may not want to loose that.
We wait again but in confidence.
But that is not All - Look at this Chart
https://www.tradingview.com/x/1aj6tEdJ/
This is a 4 hour chart of
Bitcoin - Gold
DXY $ - S&P500
What is highly unusual here is how Bitcoin and the $ BOTH ROSE at the same time !
I will write more about this in another post but THIS Alone shows a Vast market swing and possibly a lack of faith in the $.
BUY BITCOIN AND HOLD
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.