Daily Bitcoin Update - CPI DATA IMMINENT, FED tomorrow, SBF???
Morning all,
Full TA in the video as usual. Some notes:
- Keep an eye on the CPI date which will be released in under an hour
- FED decision on inflation tomorrow, 50 or 75 BPS
- SBF hearing today? What will be revealed and will it affect the markets?
- Bitcoin, SPX, ES1, Nasdaq all trading under heavy resistance. The markets will need positive news from the FED to get above this resistance.
- Watch out for head and shoulders on the SPX, ES1
- Long term pattern is a falling channel, short term pattern is a rising wedge
- Lot's of Binance FUD - keep an eye on Twitter for news
- No trade at the moment - waiting for FED news.
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Thanks
SIMON BPOI
Full TA in the video as usual. Some notes:
- Keep an eye on the CPI date which will be released in under an hour
- FED decision on inflation tomorrow, 50 or 75 BPS
- SBF hearing today? What will be revealed and will it affect the markets?
- Bitcoin, SPX, ES1, Nasdaq all trading under heavy resistance. The markets will need positive news from the FED to get above this resistance.
- Watch out for head and shoulders on the SPX, ES1
- Long term pattern is a falling channel, short term pattern is a rising wedge
- Lot's of Binance FUD - keep an eye on Twitter for news
- No trade at the moment - waiting for FED news.
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Thanks
SIMON BPOI
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