BTC has formed a momentum divergence and rejected the up trend at early today with a hard rejection at 24.4k
The Daily uptrend has been breakdown and we shall see a further dump if BTC stay under the trend line after FOMC later today. (2PM US Time)
It all depends on the FOMC result but I am not going to see it goes up due to the breakdown.
Short)
Target:
1/ 22.7 - 22.9k
2/ 21.0 - 21.2K
3/ 17.6k or even lower
4/ Ultimate target at 13k-15k as completion of Weekly Downtrend Bearflag formation.
Long)
Target:
1/26.3k
2/27.3k
3/ You are overthinking on the uptrend.
IMO, I am the bear side now but thats all up to the result after 4 hours.
The Daily uptrend has been breakdown and we shall see a further dump if BTC stay under the trend line after FOMC later today. (2PM US Time)
It all depends on the FOMC result but I am not going to see it goes up due to the breakdown.
Short)
Target:
1/ 22.7 - 22.9k
2/ 21.0 - 21.2K
3/ 17.6k or even lower
4/ Ultimate target at 13k-15k as completion of Weekly Downtrend Bearflag formation.
Long)
Target:
1/26.3k
2/27.3k
3/ You are overthinking on the uptrend.
IMO, I am the bear side now but thats all up to the result after 4 hours.
Note
down down downNote
2nd Target reached. Position Closed
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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.