BTC before FOMC meeting - What to trade now?
☝️On wednesday FOMC meeting. Usually before such meetings we can see drop in volatility and this meeting is no exception.
☝️If you look at the chart, We formed top trendline with 3 touches and there is a level acting as support at bottom which makes it triangle.
☝️If you look at the time on the chart, exactly at the start of FOMC we will be in the end of formation and depending on what will be said by officials we will break it either up or down.
☝️I think it's wise to trade using this triangle as a guideline for potential TP's or SL's
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
☝️If you look at the chart, We formed top trendline with 3 touches and there is a level acting as support at bottom which makes it triangle.
☝️If you look at the time on the chart, exactly at the start of FOMC we will be in the end of formation and depending on what will be said by officials we will break it either up or down.
☝️I think it's wise to trade using this triangle as a guideline for potential TP's or SL's
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Comment:
Trendline stays, but bottom level has been moved down a bit
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