Hey, traders. Good to see you again.
Today's chart is Bitcoin. Let's check quickly.
We can see
1. the price broke 18000 ~ 25500 box pattern.
2. the box pattern had extended.
3. support on 14000.00 and bottom support on 10000.00
We should check
Tuesday - CAD Core Retail Sales
Wednesday - German Manufacturing PMI, Britain Composite PMI, Britain Manufacturing PMI, Britain Services PMI, US Building Permits, US Core Durable Goods Orders, US Initial Jobless Claims, US New Home Sales, US, Crude Oil Inventories, FOMC Meeting Minutes
Thursday - German Ifo Business Climate Index, ECB Publishes Account of Monetary Policy Meeting
Friday - German GDP (QoQ) (Q3)
We can expect
1. the price dropping to 14000.00 and rebounding to 18000.00
2. dropping to bottom support on 10000.00 and rebounding to 18000.00
After FTX bankruptcy, another shock from Genesis and Grayscale Investments occurred.
Especially, Genesis has the rist of bankruptcy following FTX.
Those are making Bitcoin price bearish and I'm expecting that the price drops to 140000.00.
(we may be able to have Long position on 14000.00)
Let's see we can hold our short position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Bitcoin. Let's check quickly.
We can see
1. the price broke 18000 ~ 25500 box pattern.
2. the box pattern had extended.
3. support on 14000.00 and bottom support on 10000.00
We should check
Tuesday - CAD Core Retail Sales
Wednesday - German Manufacturing PMI, Britain Composite PMI, Britain Manufacturing PMI, Britain Services PMI, US Building Permits, US Core Durable Goods Orders, US Initial Jobless Claims, US New Home Sales, US, Crude Oil Inventories, FOMC Meeting Minutes
Thursday - German Ifo Business Climate Index, ECB Publishes Account of Monetary Policy Meeting
Friday - German GDP (QoQ) (Q3)
We can expect
1. the price dropping to 14000.00 and rebounding to 18000.00
2. dropping to bottom support on 10000.00 and rebounding to 18000.00
After FTX bankruptcy, another shock from Genesis and Grayscale Investments occurred.
Especially, Genesis has the rist of bankruptcy following FTX.
Those are making Bitcoin price bearish and I'm expecting that the price drops to 140000.00.
(we may be able to have Long position on 14000.00)
Let's see we can hold our short position.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
