*High-impact FED news tomorrow, I am neutral on long-term direction but I am still looking for shorts down to $36,500 in the short-term. Bitcoin's price action and volatility will be affected tomorrow, possibly substantially.*
Daily:
Bitcoin closed bearish and we are now testing recent lows on the intraday. Tomorrow is an important day in the markets as we will receive high-impact news from the FED. This will affect Bitcoin’s volatility and price action and it is possible we’ll see a lot of movement tomorrow. I still have my eyes on $36,500 as a potential short target and a level for a potential reversal. My long-term bias is still neutral and we need to see how price reacts tomorrow to help determine price direction. Above $40,500, I will become bullish on HTF. Below $36,500, will add massive bearish pressure to Bitcoin and could send us down to new lows for the year.
Intraday:
The intraday was bearish. We consolidated for most of the morning followed by a relatively volatile drop towards support at ~$37,700. The market will become more choppy and volatile tomorrow, I will be focused on short positions towards $36,500.
Daily:
Bitcoin closed bearish and we are now testing recent lows on the intraday. Tomorrow is an important day in the markets as we will receive high-impact news from the FED. This will affect Bitcoin’s volatility and price action and it is possible we’ll see a lot of movement tomorrow. I still have my eyes on $36,500 as a potential short target and a level for a potential reversal. My long-term bias is still neutral and we need to see how price reacts tomorrow to help determine price direction. Above $40,500, I will become bullish on HTF. Below $36,500, will add massive bearish pressure to Bitcoin and could send us down to new lows for the year.
Intraday:
The intraday was bearish. We consolidated for most of the morning followed by a relatively volatile drop towards support at ~$37,700. The market will become more choppy and volatile tomorrow, I will be focused on short positions towards $36,500.
