$BTC resistance #1 or #2 retest? 👁🗨
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Bitcoin
BTC appears to be bullish short-term. It could buy up fast and sell off around 2pm tomorrow during the fed meeting. This is only speculation of course. This scenario would require the US Dollar 
DXY to sell off hard tomorrow morning before the meeting. Theoretically we would see Gold, Oil, and the S&P500 up during the morning session due to the dollar selling off. A bounce like this (often called a dead-cat bounce) would usually last a few days before resuming a downtrend, but with how volatile the markets have been lately....it could happen in a few hours.
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Bitcoin
BTC appears to be bullish short-term. It could buy up fast and sell off around 2pm tomorrow during the fed meeting. This is only speculation of course. This scenario would require the US Dollar DXY to sell off hard tomorrow morning before the meeting. Theoretically we would see Gold, Oil, and the S&P500 up during the morning session due to the dollar selling off. A bounce like this (often called a dead-cat bounce) would usually last a few days before resuming a downtrend, but with how volatile the markets have been lately....it could happen in a few hours. If you want to see more, please like and follow us SimplyShowMeTheMoney
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BTCM as Bitcoin exposure.
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