~BITCOIN~ Third times the charm? Emergency FED meeting
Updated
Hello all 👋
Thank you for stopping by, let's get to it 🤸♂️⏬
Federal reserve held an emergency (closed)meeting today, topic being discount and advance rates charged by FED... 🙂 see here ⏩ federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm
Given they decided to lower the rates, this could look good for Bitcoin and alts.
👀‼Resistance at ~22,800
We are currently testing to break this descending triangle for a third 3️⃣ time 📌
Strong support zone at ~18k is looking like it might hold.
Stay tuned, check out many ideas, and trade at your own risk!
🐶🆗
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay ☯
Thank you for stopping by, let's get to it 🤸♂️⏬
Federal reserve held an emergency (closed)meeting today, topic being discount and advance rates charged by FED... 🙂 see here ⏩ federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm
Given they decided to lower the rates, this could look good for Bitcoin and alts.
👀‼Resistance at ~22,800
We are currently testing to break this descending triangle for a third 3️⃣ time 📌
Strong support zone at ~18k is looking like it might hold.
Stay tuned, check out many ideas, and trade at your own risk!
🐶🆗
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay ☯
Note
🆗 UPDATEThere seems to be strong support system forming, I am bullish
Happy trading all
‼This is not financial advice‼
Jazerbay ☯
Note
Resistance at
~21000
~22800
Note
Bearish scenario, we fall to support level to retest🐻
Thank you so much
Note
Price is currently accumulating
I don't expect much further downside, take caution when investing in the coming weeks
If we follow past behavior from BTC, another bull-run will be starting within the month🙂👍📌
Thank you so much 😄🐶
Note
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