Bitcoin cost slumped overnight. Markets are commencement to back forward of today’s Fed rates announcement.
Bitcoin Price Analysis
Time of analysis: 12h00 UTC Wednesday
Bitstamp 1-Day Candle Chart
From a research pages of xbt.social, progressing today:
Overnight, cost sole off to support insurgency during a prior low (horizontal blue zone). Although a pierce was expected in yestersay’s analysis, it is a empathize to see this growth in a draft given it tests a bullish opinion to a reduce limit.
The awaiting stays that a marketplace will use a Fed proclamation to continue advance, though traders should refrain from holding position until a instruction is transparent – presumably usually tomorrow or on Friday.
Although during a reduce limit, a bullish opinion stays valid:
A) 1day MACD stays above 0 (magenta circle).
B) 1day stochastics are descending divided from limit (blue circle), yet, are flashing dissimilarity (blue dots) – something that mostly (but not always) happens