We need to consider Dollar Strengthening with Bitcoin short term prospects.
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or remain unchanged tonight
U.S interest rates will see the Dollar (USD) strengthen
Market Consensus:
The consensus in the market is that the FOMC will keep interest rates unchanged at 2.00%. An additional increase in U.S. interest rates is expected before the end of the year if market conditions allow
Bullish Moves
Im not expecting Bulls to break out yet. :( Sorry to say
"Buy Order: Breakout will ONLY occur when 2 Daily candles close above 8400 (Around Green Area ) or moves above 8666 in a single day
above 8400 (Around Green Area ) or above 8666"
If testing 7750 succeeds and candle on the daily charts closes above this line(7750) I will execute one Buy order with tp 8380 and another with Target open for Moon Trade
Stoploss on these two trades will both be 7520 to give a bit of room to breathe
Bearish Market
Im Leaning towards this one.
I have one trade (25%) short with target set at 6000 level, due to the trend seen in the triangle. Stoploss is set at 8666
I'll take one buy order o current level TP at 8350 and I then see another short at 8370 Make these stoplosses tight!