BITCOIN (BTCUSD): Trading Plan Ahead of FOMC ₿
https://www.tradingview.com/x/9kW0v4zB/
As you probably know, we are expecting FED Interest Rate Decision and FOMC today.
These news may dramatically affect all Dollar-related instruments.
Bitcoin is currently approaching a support line of a rising wedge pattern on a daily.
After showing the signs of weaknesses with a formation for a double top,
the market already dropped.
Bearish breakout of the support of the wedge will extend the correction on BTC.
A bearish movement will be anticipated at least to 39000 then.
Alternatively, very positive news will push the market to retest the current highs.
❤️Please, support my work with like, thank you!❤️
As you probably know, we are expecting FED Interest Rate Decision and FOMC today.
These news may dramatically affect all Dollar-related instruments.
Bitcoin is currently approaching a support line of a rising wedge pattern on a daily.
After showing the signs of weaknesses with a formation for a double top,
the market already dropped.
Bearish breakout of the support of the wedge will extend the correction on BTC.
A bearish movement will be anticipated at least to 39000 then.
Alternatively, very positive news will push the market to retest the current highs.
❤️Please, support my work with like, thank you!❤️
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