PAUSE BTC BEFORE CPI!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BITCOIN VIEW BEFORE CPI!
As we can see price is still stuck inside this smaller range after breaking below the previous one!
However, after 1 hour CPI report will be released, then expecting a catalyst movement
Meanwhile, for the bears to remain in control we need a break below the lower bound, then a movement lower would be expected, till the previous major highs lining up with our rising trendline from Daily time frame, Where we will be looking for new longs as well.
Unless price managed to break above the upper bound then a movement higher would be expected to dive one more time inside our resistance zone.
If you like this kind of analysis don't forget to like and follow
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BITCOIN VIEW BEFORE CPI!
As we can see price is still stuck inside this smaller range after breaking below the previous one!
However, after 1 hour CPI report will be released, then expecting a catalyst movement
Meanwhile, for the bears to remain in control we need a break below the lower bound, then a movement lower would be expected, till the previous major highs lining up with our rising trendline from Daily time frame, Where we will be looking for new longs as well.
Unless price managed to break above the upper bound then a movement higher would be expected to dive one more time inside our resistance zone.
If you like this kind of analysis don't forget to like and follow
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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