The FED tells us that borrowing will remain as expensive as it was before, No change and so now, we see traders relax and BTC PA rises.
Bitcoin is now showing Huge strength, bang on time
The Blue Dashed line above is the current ATH and we may end up near there in the next few weeks, providing we keep momentum.
Before this, we may see PA slide down the top side of this red 236 Fib circle, using it as support while the Daily MACD cools off. The Daily MACD is not oversikd tghough, so can push higher yet.
PA also broke over the 2.628 Fib extension. It may not want to loose that.
We wait again but in confidence.
But that is not All - Look at this Chart
https://www.tradingview.website/x/1aj6tEdJ/
This is a 4 hour chart of
Bitcoin - Gold
DXY $ - S&P500
What is highly unusual here is how Bitcoin and the $ BOTH ROSE at the same time !
I will write more about this in another post but THIS Alone shows a Vast market swing and possibly a lack of faith in the $.
BUY BITCOIN AND HOLD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.