Hey, traders. We appreciate your comment and boost.
We are going to check the Bitcoin chart, today. Let's check quickly.
We can see
1. long-term descending channel has been breaking.
2. middle-term 18000~26000 box pattern
We should check
Tues - US CB Consumer Confidence (Oct)
Wed - US New Home Sales (Sep), BoC Interest Rate Decision
Thurs - BoJ Outlook Report (YoY), ECB Monetary Policy Statement, US GDP (QoQ) (Q3), US Initial Jobless Claims, ECB Press Conference
Fri - BoJ Monetary Policy Statement, German GDP (QoQ) (Q3), German CPI (YoY) (Oct), US Core PCE Price Index (MoM) (Sep), Pending Home Sales (MoM) (Sep)
We can expect
1. the price rebounding from 18000.00.
2. the price dropping from the resistance on 22000.00.
3. jumping up to 26000.00 by breaking the resistance on 22000.00.
There were some rumors that Fed will regulate thier stricted monetary policy.
This wasn't official comment from Fed and that was why the price didn't move much.
We will find out if it is true on next week.
Still, we are expecting the box pattern and waiting for Sell position from 22000 and long position 18000.
Let's see which one will be faster to have.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
We are going to check the Bitcoin chart, today. Let's check quickly.
We can see
1. long-term descending channel has been breaking.
2. middle-term 18000~26000 box pattern
We should check
Tues - US CB Consumer Confidence (Oct)
Wed - US New Home Sales (Sep), BoC Interest Rate Decision
Thurs - BoJ Outlook Report (YoY), ECB Monetary Policy Statement, US GDP (QoQ) (Q3), US Initial Jobless Claims, ECB Press Conference
Fri - BoJ Monetary Policy Statement, German GDP (QoQ) (Q3), German CPI (YoY) (Oct), US Core PCE Price Index (MoM) (Sep), Pending Home Sales (MoM) (Sep)
We can expect
1. the price rebounding from 18000.00.
2. the price dropping from the resistance on 22000.00.
3. jumping up to 26000.00 by breaking the resistance on 22000.00.
There were some rumors that Fed will regulate thier stricted monetary policy.
This wasn't official comment from Fed and that was why the price didn't move much.
We will find out if it is true on next week.
Still, we are expecting the box pattern and waiting for Sell position from 22000 and long position 18000.
Let's see which one will be faster to have.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
