BTC D short-term idea
Hi
this is my idea about BTC for few days
since the August CPI announcement, the percentage of downtrend after important data releases (at least for now)
has been getting littler
(9/13→August CPI)
(9/22→FED Interest rate releasing)
(10/7→FED Non-farm Payrolls)
***but the Sep CPI announcement on the coming Thursday should impact prices (just a matter of how big)***
BTC price has been in an uptrend tunnel since 9/21
continue to make HL,
even NFP impacted, the price stopped falling once it hit demand zone (is given on chart)
if uptrend tunnel is still valid after CPI announcemt (10/13),
I will consider finding a bullish entry point that should be found in LTF and match demand zone is better (LTF & HTF''s demand zone)
TP set at the lower edge of supply zone (is given on chart as well)
that's is just personal opinion, not investment advice
any suggestion and feedback are welcome!
this is my idea about BTC for few days
since the August CPI announcement, the percentage of downtrend after important data releases (at least for now)
has been getting littler
(9/13→August CPI)
(9/22→FED Interest rate releasing)
(10/7→FED Non-farm Payrolls)
***but the Sep CPI announcement on the coming Thursday should impact prices (just a matter of how big)***
BTC price has been in an uptrend tunnel since 9/21
continue to make HL,
even NFP impacted, the price stopped falling once it hit demand zone (is given on chart)
if uptrend tunnel is still valid after CPI announcemt (10/13),
I will consider finding a bullish entry point that should be found in LTF and match demand zone is better (LTF & HTF''s demand zone)
TP set at the lower edge of supply zone (is given on chart as well)
that's is just personal opinion, not investment advice
any suggestion and feedback are welcome!
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.