Entry at blue line
Stop loss at red line
Take profit at Green line
Fractal analysis indicates we have been in a strong uptrend since Nov 16th. All of the recent sell fractals have been broken except at $467.80 and $502.00. Once we see the $467.80 broken, I think we will return to $600 level. The Alligator indicator also indicates an uptrend.
With Fed rate hike imminent I think only the slightest adjustment will be made to monetary policy and could erode confidence in them and their credibility. With central banks around the world taking on unprecedented policy measures and the Fed looking as if it will gradually normalise, the markets could push Bitcoin a lot higher in response.
Stop loss at red line
Take profit at Green line
Fractal analysis indicates we have been in a strong uptrend since Nov 16th. All of the recent sell fractals have been broken except at $467.80 and $502.00. Once we see the $467.80 broken, I think we will return to $600 level. The Alligator indicator also indicates an uptrend.
With Fed rate hike imminent I think only the slightest adjustment will be made to monetary policy and could erode confidence in them and their credibility. With central banks around the world taking on unprecedented policy measures and the Fed looking as if it will gradually normalise, the markets could push Bitcoin a lot higher in response.