$BTC Sunday update:
Expecting a volatile week with all these speeches, so it might be a good week for scalping.
1 USD = 0.96€ at the moment so the European Central Bank speeches will likely be aggresive and shake the market a bit.
Expecting a volatile week with all these speeches, so it might be a good week for scalping.
1 USD = 0.96€ at the moment so the European Central Bank speeches will likely be aggresive and shake the market a bit.
How does this affect Bitcoin?
Because $BTC trades against the $DXY, and the dollar chart has an inverse relationship with the $EUR chart.
Because $BTC trades against the $DXY, and the dollar chart has an inverse relationship with the $EUR chart.
$BTC main areas of interest are:
- $18k with $23B worth of liquidations
- $19.9k wick in 4h tf
- Imbalance $21k-$22k
- $18k with $23B worth of liquidations
- $19.9k wick in 4h tf
- Imbalance $21k-$22k
I personally don't see a clear direction towards the start of the new week so I'll wait for the MM to make the first move this time.
I think they'll hit $18k for the liquidations sooner or later, so if we see some downside first then I'd try a long in that area.
I think they'll hit $18k for the liquidations sooner or later, so if we see some downside first then I'd try a long in that area.
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