Looks like our technical analysis is no longer viable here. I had my bearish sentiment on my last 3 posts, however, with the recent news that just came in, I was forced to close my short positions for now. The fed decided to launch a 700 Billion USD quantitive easing program, which pushed Bitcoins price over 5% upwards instantly. Remember guys, the fundamentals will always have a greater impact on the markets than the technical analysis.
Not taking any positions for now due to the news. Going to have to wait and see how the market plays out in the following 24 hours after these news.
Updates will follow up!
Not taking any positions for now due to the news. Going to have to wait and see how the market plays out in the following 24 hours after these news.
Updates will follow up!
Note
Incase we see a solid breakout from the 5600 area, I will have my eyes on 6500 acting as the next major resistance zone!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.