BTC breakout and fake-out
You buy the rumor and you sell the news... following today's Fed's 0.25% interest rate hike, volatility in the market was observed across Crypto, commodities, Wall Street and of curse the DXY (USD Index).
But what how did BTC do?
BTC broke out to the upside on the 4H chart, after a fake-out yesterday downwards.
What is next for BTC?
a break above the 21W EMA (44k) to get into the the bull band for the first time since Dec 4th.
a break above the 200D SMA (48.8k) for the Alts to rally
But what how did BTC do?
BTC broke out to the upside on the 4H chart, after a fake-out yesterday downwards.
What is next for BTC?
a break above the 21W EMA (44k) to get into the the bull band for the first time since Dec 4th.
a break above the 200D SMA (48.8k) for the Alts to rally
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.