Bitcoin rejected ~$94,000 resistance for the 4th time, and like I said yesterday, it brought us back to the start impulse.
If we lose the ~$89,800 start impulse here, I'll try to short the continuation to the ~$87,600 support box (take out the low).
When we arrive in the support box, I'll be looking for longs after clear reversals.
~$91,500 is where we have a break of structure, and is a resistance level. When we test it, I'll look for shorts after the failure or longs after the gain.
If we gain ~$91,900 (top resistance box), longs are triggered to the key ~$94,000 region again.
Let's see if we get some action before we enter weekend volume.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BTC post-FOMC gameplan.
Bitcoin rejected ~$94,000 resistance for the 4th time, and like I said yesterday, it brought us back to the start impulse.
If we lose the ~$89,800 start impulse here, I'll try to short the continuation to the ~$87,600 support box (take out the low).
When we arrive in the support box, I'll be looking for longs after clear reversals.
~$91,500 is where we have a break of structure, and is a resistance level. When we test it, I'll look for shorts after the failure or longs after the gain.
If we gain ~$91,900 (top resistance box), longs are triggered to the key ~$94,000 region again.
Let's see if we get some action before we enter weekend volume.