Bitcoin Price TA
As per my last analysis, Pirce is currently holding the 0.786 and looking for momentum
for a highly possible bounce. However today we have CPI report news so please
approach the markets with caution.
Am of three views ;
1) Market has already priced in any FUD reports from the FED and this short-term
correction is over.
2) A shake-out scenario where price winks down and quickly rallies back up.
3) Break of bullish structure and continuation to a prolonged bear market.
IMO 1 is more probable, 2 is also likely as whales like manipulating the market and grabbing
liquidity, especially in such uncertain fundamental news seasons. 3 is my worst-case
scenario.
I remain bullish as I believe the market has priced in any possible FUD that may come from
the FED today.
TRADE SAFE.
for a highly possible bounce. However today we have CPI report news so please
approach the markets with caution.
Am of three views ;
1) Market has already priced in any FUD reports from the FED and this short-term
correction is over.
2) A shake-out scenario where price winks down and quickly rallies back up.
3) Break of bullish structure and continuation to a prolonged bear market.
IMO 1 is more probable, 2 is also likely as whales like manipulating the market and grabbing
liquidity, especially in such uncertain fundamental news seasons. 3 is my worst-case
scenario.
I remain bullish as I believe the market has priced in any possible FUD that may come from
the FED today.
TRADE SAFE.
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