Very tricky to predict how Bitcoin would react to related news yet it has pumped after every hike in interest rate - forecasts point to three quarters of a point this meeting.
You could look at the formed pattern as a Cup and Handle or Adam and Eve but I'm leaning towards the latter because it looks more like than it does with the former.
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I'm positioning myself in a trade-the-news long.
First target is a safe bet, second is a runner moonshot. I'm using tight SL - hopefully not tight enough to be wicked out right before the news candle.
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Please be aware of the bias in the linked related idea.
It is mainly bearish but I have booked targets and trailed my stop so it is risk free.
You could look at the formed pattern as a Cup and Handle or Adam and Eve but I'm leaning towards the latter because it looks more like than it does with the former.
--
I'm positioning myself in a trade-the-news long.
First target is a safe bet, second is a runner moonshot. I'm using tight SL - hopefully not tight enough to be wicked out right before the news candle.
--
Please be aware of the bias in the linked related idea.
It is mainly bearish but I have booked targets and trailed my stop so it is risk free.
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Invalidated.
