🔥Hey guys! Been a shocking turn of events as we saw Bitcoin rocket overnight pulling up virtually just about every virtual coin with it in the process before it met that strong resistance again at $24,200 as the chart shows. This was an insane move following the positive Inflation data showing that inflation slowed to just under 8.5% for July. Granted that's still pretty high of a number it's a sign that what the Fed's been doing is working out.
🔥The Fed will still have to raise it's percentages and deal with inflation but the data is positive and offers the glimpse of hope which traders have been looking for these past few months, so you best bet once that news hit, so did traders which bought in mass the moment the news was released and that's exactly why we've had that insane move on Bitcoin.
🔥Bitcoin's struggling to break $24,200 though and it's more than apparent by the chart's so that'll be our next goal to break above that as well as stick up here so that we'll be able to continue and push on. Should we fall $23,800 will be that level where we definitely will need to see support else we could fall even lower back down to our next point of $23,300.
🔥Also in a big picture look take a look at this chart I've got down for you guys:
🔥About 2 months ago I first marked down this descending wedge channel which Bitcoin had exited before prompting it's fall from $30,000 to the $20k levels. So that wedge is INSANELY important!
🔥And guess what, soon enough we're gonna be reentering that wedge after all of these months, so you best bet once we enter and hit it again we're gonna be in for a real treat as well as a big ride! I haven't seen any other traders point that out so I'm gonna, cause either way soon enough we're gonna be real good! That's all I gotta say, thank you guys so much and have an amazing day! If you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock '
🔥The Fed will still have to raise it's percentages and deal with inflation but the data is positive and offers the glimpse of hope which traders have been looking for these past few months, so you best bet once that news hit, so did traders which bought in mass the moment the news was released and that's exactly why we've had that insane move on Bitcoin.
🔥Bitcoin's struggling to break $24,200 though and it's more than apparent by the chart's so that'll be our next goal to break above that as well as stick up here so that we'll be able to continue and push on. Should we fall $23,800 will be that level where we definitely will need to see support else we could fall even lower back down to our next point of $23,300.
🔥Also in a big picture look take a look at this chart I've got down for you guys:
🔥And guess what, soon enough we're gonna be reentering that wedge after all of these months, so you best bet once we enter and hit it again we're gonna be in for a real treat as well as a big ride! I haven't seen any other traders point that out so I'm gonna, cause either way soon enough we're gonna be real good! That's all I gotta say, thank you guys so much and have an amazing day! If you'd like to leave a like or follow it'd be much appreciated. Thank you!
~ Rock '
