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CRYPTO MECHANIC
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Do you think that $56500 was the $BTC Bottom?
Do you think that $56500 was the
$BTC
Bottom?
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Emotional Balance is Key! Don't get too cocky when on a winning streak. Don't get too depressed and beat up yourself when on a losing streak. Stay Neutral and keep your head in the Game.
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I think Meme coin DOKY is Getting ready for a breakout soon. Perfectly holding that Support line and that resistance will be broken Eventually. New All time high is Imminent.
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I gave you an early warning that many traders will start betting on a rate cut and Powell gave them zero hope. I hope you're safe from this market uncertainty. $BTC
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#Bitcoin is in a range of daily and weekly time-frames. We had a fakeout on the daily chart, That is when i called the move down on Monday and then we had range lows fakeout yesterday and price bounced. But technically its still in the same old range. (See the first chart) Bitcoin weekly chart: See the second picture, Also in a range but wider than the daily range. Unless the price is within the range many people will lose money and will flip-flop their bias. What's the best way to trade in this situation ? If you're not enough is judging the traps/fake outs. You should just avoid this chop. Or if you're good at it, Range lows fakeout/trap and range high fakeout/trap provides a best trade setup during these conditions . Nothing In between. Good luck & Stay safe
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FED #FOMC conference and Interest rate decision will be released in 4 hours. in my opinion it's going to be an important conference because many are expecting a rate cut today or at least expecting the Powell to talk about rate cut month. After Cpi data is released many traders will start betting on a rate cut. This period will be highly volatile. STAY SAFE
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