In this update, I will analyze Bitcoin from H2 timeframe giving me an interesting fact that the price could to continue climb toward $22k.
It's appear that in H4 timeframe look bullish in this run.
Meanwhile, in Daily timeframe, Bitcoin forming a possible bearish Gartley Harmonic Pattern, what more later, this look a good opportunity to short in the smart zone. For now, I'm in long toward $22k. Maybe, we could to see any possible bearish channel formation in Daily and this could be a good idea to take in perspective. I'm in long from $20,890 USD, Stop Loss to $20,450 USD and take profit to $22k.
***Based in the fundamental analysis, everything will depend on the next week how far FED will raise interest rate? And any bearish signal that if the FED don't make an aggressive interesting rate indicating pessimistic based the forecast what Jerome Powell has, we could to see a strong data here that Bitcoin and S&P 500 may be bullish in this case to watch in the next week. The U.S. Dollar take risk in the curb of possible recession that some economist said recently and a bad speculation that appear in Forex market to take in perspective with U.S. Dollar.
Good luck!!!
It's appear that in H4 timeframe look bullish in this run.
Meanwhile, in Daily timeframe, Bitcoin forming a possible bearish Gartley Harmonic Pattern, what more later, this look a good opportunity to short in the smart zone. For now, I'm in long toward $22k. Maybe, we could to see any possible bearish channel formation in Daily and this could be a good idea to take in perspective. I'm in long from $20,890 USD, Stop Loss to $20,450 USD and take profit to $22k.
***Based in the fundamental analysis, everything will depend on the next week how far FED will raise interest rate? And any bearish signal that if the FED don't make an aggressive interesting rate indicating pessimistic based the forecast what Jerome Powell has, we could to see a strong data here that Bitcoin and S&P 500 may be bullish in this case to watch in the next week. The U.S. Dollar take risk in the curb of possible recession that some economist said recently and a bad speculation that appear in Forex market to take in perspective with U.S. Dollar.
Good luck!!!
הערה:
Bitcoin forming a symmetric triangle, and this it's an accumulation zone that we might to find up long position.
So, I update my target toward $21,800 USD. As this it's my psychological target in Bitcoin price.
Bitcoin forming a symmetric triangle, and this it's an accumulation zone that we might to find up long position.
So, I update my target toward $21,800 USD. As this it's my psychological target in Bitcoin price.
In case that Bitcoin goes to the Stop Loss, we need to see if 0.618% it's a good zone to re-buy again in H2. The price it's in the 0.382% FIBO. So, don't closed up this long we dont see any bearish signal from this zone.