Bitcoin Analysis - TD Sequentials - Moon Time Soon - Weekly T6
Updated
ased on my analysis of the weekly time frame, we are currently at TD 6. Typically, a reversal is observed when we reach a TD 9 indicator, which would occur in a little over 3 weeks from today.
I believe that the upcoming Federal Reserve meeting will provide us with better clarity regarding the possibility of a rate hike going forward. In the previous Fed meeting, it was widely predicted that there would be no rate hike. If the next meeting also confirms no rate hike, we can conclude that there will likely be no further rate hikes in the foreseeable future, regardless of what the plot data suggests (which currently indicates the possibility of two more rate hikes).
By closely monitoring the TD indicators and paying attention to the outcome of the next Fed meeting, we can gain valuable insights into the future direction of rate hikes. This will enable us to make more informed decisions based on the emerging trends in the market.
If i were to put an estimate price target. I would say the area of 24k to 24.5k as there is alot of confluence around that area. before our next move upwards.
I believe that the upcoming Federal Reserve meeting will provide us with better clarity regarding the possibility of a rate hike going forward. In the previous Fed meeting, it was widely predicted that there would be no rate hike. If the next meeting also confirms no rate hike, we can conclude that there will likely be no further rate hikes in the foreseeable future, regardless of what the plot data suggests (which currently indicates the possibility of two more rate hikes).
By closely monitoring the TD indicators and paying attention to the outcome of the next Fed meeting, we can gain valuable insights into the future direction of rate hikes. This will enable us to make more informed decisions based on the emerging trends in the market.
If i were to put an estimate price target. I would say the area of 24k to 24.5k as there is alot of confluence around that area. before our next move upwards.
Note
based on some of my lines.. 3 more tics and the low of the channel would be at 22k roughly.Note
but keep in mind we do not have to reach 22.2k... that would be the downward trend line that we have been in the last 3 months. we can stay well above 24k and still meet the t9 requirements.
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