Hey, traders. Hope you guys having nice day.
In this week, FOMC will be held and there will be big movement in the market.
Let's check the chart and possible movement.
We can see
1. Descending channel and resistance on 22000.00.
2. Support on 18000.00 and 14000.00
We should check
1. ECB President Lagarde Speaks
2. Fed Interest Rate Decision
3. Fed Chair Powell Speaks
We can expect
1. Jumping up for short on 18000.00. (this will be a chance to buy for short.)
2. the price dropping from 22000.00 by resistance. (this will be a chance to sell for long-term)
3. falling toward 14000.00
After FOMC, there can be jumping up by relieving uncertainty. But, this won't be long.
Beacause Fed will keep their tight fiscal policy, the price of Bit coin will be dropping slowly till 14000.00.
Let's see how the chart moves after FOMC.
Hope you guys make good trade.
Thanks you for reading and hope this insight was helpful.
In this week, FOMC will be held and there will be big movement in the market.
Let's check the chart and possible movement.
We can see
1. Descending channel and resistance on 22000.00.
2. Support on 18000.00 and 14000.00
We should check
1. ECB President Lagarde Speaks
2. Fed Interest Rate Decision
3. Fed Chair Powell Speaks
We can expect
1. Jumping up for short on 18000.00. (this will be a chance to buy for short.)
2. the price dropping from 22000.00 by resistance. (this will be a chance to sell for long-term)
3. falling toward 14000.00
After FOMC, there can be jumping up by relieving uncertainty. But, this won't be long.
Beacause Fed will keep their tight fiscal policy, the price of Bit coin will be dropping slowly till 14000.00.
Let's see how the chart moves after FOMC.
Hope you guys make good trade.
Thanks you for reading and hope this insight was helpful.
