Jellee1
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Sentiment in the gutted, price action all over the place - all while holding at a major support level.
Nothing we have not seen before.
Rinse & repeat?
#Bitcoin
BTC-0.18%
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Rangebound PA continues for $BTC - as the Monthly open continues to act as resistance.
Flip that, and we have another major hurdle to overcome: $91-93k.
A couple more days to go until Christmas - wouldn't expect too much from the market in the coming days.
BTC-0.18%
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In the meantime, $ETH is back above the key support area.
Looks much better like this.
$4,000 remains the key hurdle to clear. Above there, price discovery awaits.
ETH-0.24%
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#Bitcoin continues to chop around the monthly open.
One thing has changed; we've made a local lower low.
Things are getting tricky again for the bulls.
BTC-0.18%
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You guys having fun or
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Key level continues to hold, and market structure is still intact.
New highs next for $BTC?
BTC-0.18%
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Objective remains the same.
Flip the grey box and #Bitcoin likely sends to $100k, quickly.
Mostly AFK today, have a wedding to attend - cya!
BTC-0.18%
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Back at resistance yet again after another higher low.
Let's see if we can push through tomorrow- liquidity is to the north.
#Bitcoin
BTC-0.18%
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The previous two rate cuts both resulted in #Bitcoin falling lower in the week that followed.
Powell announced another rate cut yesterday - will this time be different?
BTC-0.18%
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Nooo Jelle the market is going to zero; you can't be bullish here!
Perhaps it is, but I'm not about to flip bear with #Bitcoin at key support.
Clean break below this box and bulls are out of arguments to make - but until that happens, I've seen BTC bounce back from worse spots.
BTC-0.18%
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The alternative view: #Bitcoin in a rising wedge, straight into resistance.
Breaking down below monthly open again would give more significance to this idea. Until then, leaning towards the bull case.
BTC-0.18%
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#Bitcoin still trades inside an ascending triangle, maintaining higher lows across the board.
Two failed breakout attempts so far - third time's the charm?
BTC-0.18%
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Good morning bros & brosettes
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Roughly 2 hours to go until the next FOMC presser
Market's pretty sure we're getting a rate cut - but the real question is what the Fed will be doing in the next year.
Continue their cautious tone, or are they flipping towards a mote optimistic tone? Let's see
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Still in this trade.
Going to need Powell to announce the Fed is market buying $BTC starting tomorrow tonight, thanks.
Jokes aside so long as we don't close back below grey box - thesis remains intact; $100k.
BTC-0.18%
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Announced yesterday, the European Central Bank plans to issue the digital - fully controllable - Euro by 2029.
In other words, the days of us deciding how we spend our money are numbered.
This is why #Bitcoin matters. Resist.
BTC-0.18%
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Market continues to chop aorund in the $91-93 resistance area ahead of FOMC later today.
HTF-wise, I think $BTC and $ETH look pretty good, but it all hinges on the market's reaction to tonight's press conference.
The previous two rate cuts were not exactly well-received.
Taking it slow until this resolves. Hold the key support until tomorrow - and I think $100k is next.
BTC-0.18%
ETH-0.24%
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New higher high made, and #Bitcoin is turning the $91-93k area into support again - ahead of FOMC.
Just need Powell to not ruin the show from here, and we're golden for a trip towards $100k.
BTC-0.18%
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Both $ETH and $BTC are holding key structural areas, and forming higher lows.
I'd say these charts look much better than sentiment would have you believe.
🤔
ETH-0.24%
BTC-0.18%
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Lots of green in the market ahead of FOMC.
Let's keep it that way today!
🤞🏻
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