@mdtrade 27000? Possible, but an unlikely scenario as it would invalidate a lot of bullish momentum. That would make BTC bearish in the intermediate future, and given the tech stocks, I'm not sure that's gonna happen.
@mdtrade The FED knows they can't raise interest rates further, so they kept the hawkish narrative - that's their only tool at the moment. The market sees that the FED's hands are tied, and thus I think the rally will go up more (on a weekly). I don't do short term trading.
How far will #BTC rise before a pullback on weekly?
For a bearish scenario: around 30000 (less likely).
36200 or 37200 (most likely scenarios).
However, a very bullish scenario is 42500.
7 important life lessons to teach your son:
1. Life isn't fair
2. Regret will kill you
3. Respect is earned
4. Life is hard, deal with it
5. No one is coming to save you
6. A firm handshake is the best intro
7. Pain is inevitable, but suffering is optional
What else?
@MrCrypto305 I agree, but then I think AI will be constantly changing rules to make sure it does not become predictable. It is quite a mess for the rest of us.
@JoannaPontus @mdtrade Yes, no macroeconomic indicators suggest an imminent crash. In fact, we had first glimpses that the economy might recover somewhat. Still not out of the woods, but no need to panic either...
@mdtrade@Btboy1234567@ethereum@NetworksManager I went almost all in (spot, not leverage). Several confluences suggest we are going up - Elliott waves, Wyckoff (spring action), RSI, divergence. Bi-weekly candles are the only ones suggesting a pause or down, but we had a pause for a while now.
#BTC update. There was a liquidity scoop yesterday at 26800-ish region. I'm waiting for BTC to either go a bit lower, say 26500-ish, or bounce from here after jobless claims. Daily close below 26500 would be a trigger to short.