Login / Join

Technical analysis by jazerbay about Symbol BTC: Buy recommendation (10/4/2022)

https://sahmeto.com/message/2629938
jazerbay
jazerbay
Rank: 5794

~BITCOIN~ Third times the charm? Emergency FED meeting

Buy
Price at Publish Time:
$19,511.01
Buy،Technical،jazerbay

Hello all 👋Thank you for stopping by, let's get to it 🤸‍♂️⏬Federal reserve held an emergency (closed)meeting today, topic being discount and advance rates charged by FED... 🙂 see here ⏩ federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htmGiven they decided to lower the rates, this could look good for Bitcoin and alts.👀‼Resistance at ~22,800We are currently testing to break this descending triangle for a third 3️⃣ time 📌Strong support zone at ~18k is looking like it might hold.Stay tuned, check out many ideas, and trade at your own risk!🐶🆗🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!Always have a stop loss ✋🛑💲 setAny thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.Thank you so muchJazerbay ☯🆗 UPDATEThere seems to be strong support system forming, I am bullishHappy trading all‼This is not financial advice‼Jazerbay ☯Resistance at~21000~22800Price can make W pattern and go to 21000 resistanceBearish scenario, we fall to support level to retest🐻Thank you so muchPrice is currently accumulatingI don't expect much further downside, take caution when investing in the coming weeksIf we follow past behavior from BTC, another bull-run will be starting within the month🙂👍📌Thank you so much 😄🐶

Source Message: TradingView
Signals
Top Traders
Feed
Alerts