BITCOIN , On 4hr we found a rejection using our 4hr line chart candle close and took advantage of the sale. The secret is to chart multiple brokers ,brokers candle stick closes are 100% different from line chart perspective while trading any thing in the financial market...(stocks,bonds,crypto,forex)
since we rely on the structure of the market for forward guidance we chart multiple broker for variation in candle closes .
the price action is watched in Realtime for a close into another structural buy zone .the current break out could retest 116k-117k and set up a buy wave based on the principles of break and retest.
the goal is to see if we break and sustain above 123k and look at 124k and 130k ascending trendline acting as dynamic supply roof and resistance to upswing which the current all-time high is a victim of the top layer supply roof .
united state economic data report will give a clear direction and signal into next FOMC OUTLOOK.
THE CPI measures the Change in the price of goods and services purchased by consumers, excluding food and energy
Core CPI m/m forecast 0.3% previous 0.2%
CPI m/m forecast 0.2% previous 0.3%
CPI y/y forecast 2.8% previous 2.7%
FOMC Member Barkin Speaks
14th
the core PPI m/m measures the Change in the price of finished goods and services sold by producers, excluding food and energy
Core PPI m/m forecast 0.2% previous 0.0%
PPI m/m forecast 0.2% previous 0.0%
Unemployment Claims forecast 225K previous 226.
this DATA will affect the 10 year treasury bond yield and dollar index as the signal will be watched by FEDS.
TRADING IS 100% PROBABILTY
LOWER YOUR EXPECTATION
RISK TO REWARD RATIO SHOULD BE IN YOUR CHECKLIST AND TRADE REASON.
ANY GOOD TRADE CAN TURN TO A BAD TRADE.
A TRADER WITHOUT LIQUIDITY IS A DEMO TRADER
A HUNTER GUN WITHOUT BULLET IS A TOY GUN.(HUNTERS MINDSET)
PROTECT YOUR CAPITAL.
GOOD LUCK
#BTC #BITCOIN
since we rely on the structure of the market for forward guidance we chart multiple broker for variation in candle closes .
the price action is watched in Realtime for a close into another structural buy zone .the current break out could retest 116k-117k and set up a buy wave based on the principles of break and retest.
the goal is to see if we break and sustain above 123k and look at 124k and 130k ascending trendline acting as dynamic supply roof and resistance to upswing which the current all-time high is a victim of the top layer supply roof .
united state economic data report will give a clear direction and signal into next FOMC OUTLOOK.
THE CPI measures the Change in the price of goods and services purchased by consumers, excluding food and energy
Core CPI m/m forecast 0.3% previous 0.2%
CPI m/m forecast 0.2% previous 0.3%
CPI y/y forecast 2.8% previous 2.7%
FOMC Member Barkin Speaks
14th
the core PPI m/m measures the Change in the price of finished goods and services sold by producers, excluding food and energy
Core PPI m/m forecast 0.2% previous 0.0%
PPI m/m forecast 0.2% previous 0.0%
Unemployment Claims forecast 225K previous 226.
this DATA will affect the 10 year treasury bond yield and dollar index as the signal will be watched by FEDS.
TRADING IS 100% PROBABILTY
LOWER YOUR EXPECTATION
RISK TO REWARD RATIO SHOULD BE IN YOUR CHECKLIST AND TRADE REASON.
ANY GOOD TRADE CAN TURN TO A BAD TRADE.
A TRADER WITHOUT LIQUIDITY IS A DEMO TRADER
A HUNTER GUN WITHOUT BULLET IS A TOY GUN.(HUNTERS MINDSET)
PROTECT YOUR CAPITAL.
GOOD LUCK
#BTC #BITCOIN
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.