1. Crypto Trading Outlook 👀
✅ Friday news events. ✅ Next week news. ✅ DXY chart. ✅ BTC chart. ✅ Major support bugging me.
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2. Friday news events:
➡️ US retail sales, business inventories and the University of Michigan consumer sentiment.
➡️ US banks kick off earnings season: JPMorgan, Wells Fargo and Morgan Stanley report.
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3. Next week news.
Next week is very quiet with almost no news! Will post more details on Sunday. Expect the charts to follow a more technical pattern than fundamental news events.
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4. DXY chart.
Expecting price to end up going sideways along the 50% median level for next week. This will allow the cryptomarket to make it's own moves!
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5. BTC chart.
Bitcoin got defended in the blue area again! Thanks to DXY going down. Price currently below 2 resistance trend lines and so expecting it to go down.
Will it create a pullback or fill more of the purple wedge?
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6. Major support bugging me.
Bitcoin has got rejected from the blue area 7 times now! I'm expecting BTC to break this blue area and get rid of many retail traders calling who 10k.
For many weeks now I feel 16000 - 18000 area is the accumulation zone!
This post is based on this twitter thread.