Daily Bitcoin Update - Still looking for a test of the low 16000
Morning all,
Full TA in the video as usual. Some notes:
- Still looking for a test of the lower 16000 area from Bitcoin leading into what will be a big week for the FED
- We retested 16895 and got rejected as per video yesterday
- The measured move from the rising channel takes us below the .618 (16574) fib level. Will there be a bearish retest?
- Expect volatility tomorrow and then throughout the following week
- SPX, ES1, Nasdaq have been down for 4 consecutive days. Traders selling and waiting for FED data / news.
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Thanks
SIMON BPOI
Full TA in the video as usual. Some notes:
- Still looking for a test of the lower 16000 area from Bitcoin leading into what will be a big week for the FED
- We retested 16895 and got rejected as per video yesterday
- The measured move from the rising channel takes us below the .618 (16574) fib level. Will there be a bearish retest?
- Expect volatility tomorrow and then throughout the following week
- SPX, ES1, Nasdaq have been down for 4 consecutive days. Traders selling and waiting for FED data / news.
Be patient and stick to your strategy!
Please hit the boost button if you like this update.
Back tomorrow.
Thanks
SIMON BPOI
BPOI - CRYPTO TRADING GROUP