Hey, traders. Thank you for the comments and boosts.
Today's chart is Bitcoin. Let's see quickly.
We can see
1. the descending channel.
2. overlapped resistances on 18400 and 16900
3. top line of the descending channel on 17600
4. support on 15600
We should check
Tuesday - BoJ Monetary Policy Statement, US Building Permits
Wednesday - US CB Consumer Confidence, Existing Home Sales, Crude Oil Inventories
Thursday - UK GDP, US GDP, US Initial Jobless Claims
Friday - US Core Durable Goods Orders, Core PCE Price Index, US Core PCE Price Index, US New Home Sales
We can expect
1. drops to 15600 by overlapped resistance on 16900.
2. short-term upward movement to 17600.
Because of FOMC meeting, dollar will have power to go upward.
Which means, Bitcoin is still bearish and hard to expect ascending movement.
Now, I'm waiting for short position on 16900 and hold it till 15600.
Let's see if we can have Short position.
Thank you for reading and hope this insight was helpful.
Today's chart is Bitcoin. Let's see quickly.
We can see
1. the descending channel.
2. overlapped resistances on 18400 and 16900
3. top line of the descending channel on 17600
4. support on 15600
We should check
Tuesday - BoJ Monetary Policy Statement, US Building Permits
Wednesday - US CB Consumer Confidence, Existing Home Sales, Crude Oil Inventories
Thursday - UK GDP, US GDP, US Initial Jobless Claims
Friday - US Core Durable Goods Orders, Core PCE Price Index, US Core PCE Price Index, US New Home Sales
We can expect
1. drops to 15600 by overlapped resistance on 16900.
2. short-term upward movement to 17600.
Because of FOMC meeting, dollar will have power to go upward.
Which means, Bitcoin is still bearish and hard to expect ascending movement.
Now, I'm waiting for short position on 16900 and hold it till 15600.
Let's see if we can have Short position.
Thank you for reading and hope this insight was helpful.
