Bitcoin : Ending Diagonal Formation
Updated
Hello Traders,
We are short on bitcoin :
Macro Reasons :
1/ Fed will started to taper : Goldman base case is 50% chance the FED will start to taper by the Nov 2021 with 115BN very month untile the September 2022.
2/ Central Banks around the world, started the QE tapering and RBNZ will the first major central bank to rise the cash rate by 50 bps in October 2021 meeting.
3/ The recovery of the Job market in the US and the inflation is runing above FED target rate, so there is expectation that the FED will enter rate hikes earlier then planned.
Technical Reasons :
Bitcoin price action is making an ending diagonale pattern formation with divergence on the MACD on the Big time frame Daily and weekly.
Not financial Advice.
We are short on bitcoin :
Macro Reasons :
1/ Fed will started to taper : Goldman base case is 50% chance the FED will start to taper by the Nov 2021 with 115BN very month untile the September 2022.
2/ Central Banks around the world, started the QE tapering and RBNZ will the first major central bank to rise the cash rate by 50 bps in October 2021 meeting.
3/ The recovery of the Job market in the US and the inflation is runing above FED target rate, so there is expectation that the FED will enter rate hikes earlier then planned.
Technical Reasons :
Bitcoin price action is making an ending diagonale pattern formation with divergence on the MACD on the Big time frame Daily and weekly.
Not financial Advice.
Note
Note
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