Global markets are absolutely crashing today due to the energy crisis.
It’s just a matter of time before we see $BTC at $66,000.
Wealthmanager@Wealthmanager
$BTC has fallen below $70,000. Not a good sign. Looks like we’re going to $66,000.
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Wealthmanager
16.5K posts
Wealthmanager
@Wealthmanager
Trader & investor in stocks & crypto since 2016 | Sharing market insights, news & opportunities | Not financial advice |
Katılım Kasım 2023
429 Takip Edilen17.3K Takipçiler
$3,000,000,000,000 has been erased from Gold and Silver today.
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$BTC has fallen below $70,000.
Not a good sign.
Looks like we’re going to $66,000.
Wealthmanager@Wealthmanager
$BTC has fallen below $71,000 following Jerome Powell’s hawkish speech. A break of the $70,500–$71,000 support zone could open the way for further downside toward $66,000.
English
$BTC has fallen below $71,000 following Jerome Powell’s hawkish speech.
A break of the $70,500–$71,000 support zone could open the way for further downside toward $66,000.
Wealthmanager@Wealthmanager
$BTC has lost the $73,500 level and quickly retraced to $71,000, where it is currently trading. For bullish momentum to remain intact, it is crucial that the $71,000 level holds as support. A failure to maintain this level could lead to further downside, with the next key area around $66,000.
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🇺🇸 Jerome Powell says no rate cuts unless we see meaningful progress on inflation.
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🇺🇸 Jerome Powell warns that near-term increases in energy prices are likely to drive overall inflation higher.
Wealthmanager@Wealthmanager
All eyes are now on Powell’s speech in 30 minutes.
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So far, Bitcoin is bouncing off the $71,000 level.
Wealthmanager@Wealthmanager
$BTC has lost the $73,500 level and quickly retraced to $71,000, where it is currently trading. For bullish momentum to remain intact, it is crucial that the $71,000 level holds as support. A failure to maintain this level could lead to further downside, with the next key area around $66,000.
English
All eyes are now on Powell’s speech in 30 minutes.
Wealthmanager@Wealthmanager
🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 3.50% - 3.75%.
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🇺🇸 Federal Reserve leaves interest rates unchanged, remains at 3.50% - 3.75%.
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Reminder:
In 40 minutes, the FED will release its interest rate decision, followed by Chair Powell’s remarks 30 minutes later.
Markets have already experienced significant volatility today, and further large moves are likely as these events unfold.
Wealthmanager@Wealthmanager
Big day ahead. At 8:30 AM ET, we get PPI data. At 2:00 PM ET, the Fed announces its rate decision, followed by Chair Powell speaking at 2:30 PM ET. I expect the most volatility during the press conference, as a no rate cut is largely priced in. The key driver will be whether Powell’s tone is dovish or hawkish.
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$BTC has lost the $73,500 level and quickly retraced to $71,000, where it is currently trading.
For bullish momentum to remain intact, it is crucial that the $71,000 level holds as support.
A failure to maintain this level could lead to further downside, with the next key area around $66,000.
Wealthmanager@Wealthmanager
If Bitcoin $BTC breaks below $73,500, I anticipate a potential “Bart Simpson” pattern drop, possibly retesting the $71,000 level. So you should closely monitor the $73,500 support, as a breach could trigger significant short-term downside. As a trader, you should always watch both scenarios, since you can never be 100% sure of the direction.
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Bitcoin fell below $73,500, forming another “Bart Simpson” pattern.
A move back toward $71,000 is likely.
Wealthmanager@Wealthmanager
If Bitcoin $BTC breaks below $73,500, I anticipate a potential “Bart Simpson” pattern drop, possibly retesting the $71,000 level. So you should closely monitor the $73,500 support, as a breach could trigger significant short-term downside. As a trader, you should always watch both scenarios, since you can never be 100% sure of the direction.
English
If Bitcoin $BTC breaks below $73,500, I anticipate a potential “Bart Simpson” pattern drop, possibly retesting the $71,000 level.
So you should closely monitor the $73,500 support, as a breach could trigger significant short-term downside.
As a trader, you should always watch both scenarios, since you can never be 100% sure of the direction.
Wealthmanager@Wealthmanager
$BTC is currently moving sideways above $74,000, which is a positive sign. I expect we could move a bit higher toward $78,000 before possibly pulling back. As long as the price stays above $73,500, I remain bullish.
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I’m still long on $SOL and expect a move above $100 before any reversal.
But short-term price action will likely depend on Jerome Powell’s speech later today, which could impact the broader crypto market.
Make sure to use a stop-loss and manage risk properly.
Wealthmanager@Wealthmanager
went long on $SOL right when I posted this. I share all my trades in real time on Telegram. You can join here: t.me/wealthmangerr
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Right now you can get up to a $1,300 bonus on BloFin.
Sign up here: partner.blofin.com/d/WealthManager
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Big day ahead.
At 8:30 AM ET, we get PPI data. At 2:00 PM ET, the Fed announces its rate decision, followed by Chair Powell speaking at 2:30 PM ET.
I expect the most volatility during the press conference, as a no rate cut is largely priced in.
The key driver will be whether Powell’s tone is dovish or hawkish.
English
$BTC is currently moving sideways above $74,000, which is a positive sign.
I expect we could move a bit higher toward $78,000 before possibly pulling back.
As long as the price stays above $73,500, I remain bullish.
English
went long on $SOL right when I posted this.
I share all my trades in real time on Telegram.
You can join here:
t.me/wealthmangerr
Wealthmanager@Wealthmanager
A potential move higher for $SOL toward the $103 level may be back on the table.
English