Technical analysis by spirochill about Symbol BTC on 5/19/2024

spirochill
BTC 4 hr Techincals Sat. May 18 24

News this week about US dollar strength, Monday and Thursday will be influential. Look at Dollar support on current daily up channel, should we have a hawkish dollar, BTC, stocks and commodities will fall. So looking at key levels in advance to be ready to trade from these levels. Always consider levels to be "zones" 4 hr and Daily analysis here is for swing traders. These moves can take weeks or months to pan out. If the Dollar Weakens, and breaks the up trend, I will expect growth to the Fib extensions, and ATHs Powel Speaks Monay 12:30 am PST PMI Flash Thursday 12:30 am PST Delorian TDI is used for 5-15-30 min entries only. along with Price action and EMA strategies. For me I have to be above or below current higher time frame shifts to trade price action on the lower frames.