BITCOIN FED Meeting Aftermath 01/02/24'
Hi again...
As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show.
To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under..
_________________________________________________________________________________
So, in my understanding all what every Asset does, is Run between certain Liquidity targets and in right Time it displace. This process is repeated endleslly..
When we Check our bigger time frames Week+ , Its clearly to see that we extended to Highier prices due to many factors and if History is any indication we always should expect Run BOTH sides of liquidity before next displacement...
Meaning, since we go too much extended on Buyside in 2023, there is left huge amount Sellside liquidity which will be aimed at some Time point, it is just not 100% clear if its gonna unfold NOW!..
________________________________________________________________________________
So when we move down, from Weekly to Daily chart, its easy to SEE, HOW we Runned between these TWO RED lines for a LOT of time.. and occasionally it moved above/bellow to take that liquidity...
NOW - Most imporstant for ME, is YESTERDAY reaction, where we rallied close to 44k as expected possible scenario, and then we REVERSED, to lower 42k where we at RIGHT NOW.
SO, as LONG as Price not RUN above YESTERDAY highs, and keep being there, I WOULD EXPECT WITH HIGH PROBABILITY that next Price liquidity range is BETWEEN GREEN lines... as soon as we reach this Liquidity, our outlook must be reevaluated once again!
Aswell, since we still in after FED meeting pre-market, I would expect little bounce bellow yesterday highs, before real move lower start unfolding.. So be carefull into JUMPING Short straith away.. rather check Lower (15min/5min) time frame, for picking the Best entry oportunity with sound STOP LOSS in CASE asset decide to run highier...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
As I ment in into, I think this FED meeting was kinda good lead what to expect next, especially because J.Powell insight, since he run the show.
To understand better my Idea whats going on, I try to break Weekly time frame into Daily chart posted under..
_________________________________________________________________________________
So, in my understanding all what every Asset does, is Run between certain Liquidity targets and in right Time it displace. This process is repeated endleslly..
When we Check our bigger time frames Week+ , Its clearly to see that we extended to Highier prices due to many factors and if History is any indication we always should expect Run BOTH sides of liquidity before next displacement...
Meaning, since we go too much extended on Buyside in 2023, there is left huge amount Sellside liquidity which will be aimed at some Time point, it is just not 100% clear if its gonna unfold NOW!..
________________________________________________________________________________
So when we move down, from Weekly to Daily chart, its easy to SEE, HOW we Runned between these TWO RED lines for a LOT of time.. and occasionally it moved above/bellow to take that liquidity...
NOW - Most imporstant for ME, is YESTERDAY reaction, where we rallied close to 44k as expected possible scenario, and then we REVERSED, to lower 42k where we at RIGHT NOW.
SO, as LONG as Price not RUN above YESTERDAY highs, and keep being there, I WOULD EXPECT WITH HIGH PROBABILITY that next Price liquidity range is BETWEEN GREEN lines... as soon as we reach this Liquidity, our outlook must be reevaluated once again!
Aswell, since we still in after FED meeting pre-market, I would expect little bounce bellow yesterday highs, before real move lower start unfolding.. So be carefull into JUMPING Short straith away.. rather check Lower (15min/5min) time frame, for picking the Best entry oportunity with sound STOP LOSS in CASE asset decide to run highier...
Hopefully, this helps some of you with your perception of market.
If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks
Joe
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