Oh Bitcoin - Tanked Even As Inflation Jumps ๐
Bitcoin tanks even as inflation jumps
We had high expectations yesterday that it could come over the wedge, instead it ended up being back in it and eventually under it...on a day when CPI (inflation data in the US) was super worrying. wow!!
Apparently the price is not ready to go higher significantly but this can change in minutes and we need to be on alert, calm and focused.
Price will first need to break over the wedge, which is now serious resistance and the danger of going lower is valid.
Step by step and yes: the analysis is live and it keeps changing but there is one thing constant: THIS! and THIS and MAINLY THIS
One Love,
the FXPROFESSOR
We had high expectations yesterday that it could come over the wedge, instead it ended up being back in it and eventually under it...on a day when CPI (inflation data in the US) was super worrying. wow!!
Apparently the price is not ready to go higher significantly but this can change in minutes and we need to be on alert, calm and focused.
Price will first need to break over the wedge, which is now serious resistance and the danger of going lower is valid.
Step by step and yes: the analysis is live and it keeps changing but there is one thing constant: THIS! and THIS and MAINLY THIS
One Love,
the FXPROFESSOR
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