✨⭐️ Crypto Trading Quant ⭐️✨
✨⭐️ Crypto Trading Quant ⭐️✨ 3 minutes reading from Bitcoin

Today’s Trading Update: Market Reaction

1. Today's Trading Update

➡️ News Results ➡️ DXY Chart ➡️ BTC Chart ➡️ Altcoins ➡️ Conclusion

Read this thread to learn more 👀 👇

Cryptocurrency Stocks Forex DayTrading Money Markets bitcoinsallday bitcoinwallet bitcoinbrasil bitcoinsouthafrica wef23 alts

2. News Results

Philly Fed Manufacturing Index

Actual: -8.9 Forecast: -10.9 Last month: -13.8

Unemployment Claims

Actual: 190K Forecast: 214K Last month: 205K

Result

↗️ Good for US Dollar ↘️ Bad for Crypto Markets 😥

(*) - However, read this thread for market reactions!

3. DXY chart

After the news releases, price has gone sideways!

Chart shows M15 timeframe.

For a more detailed look see here:

bitcoins altcoin bitcoinexchange bitcoinbillionaire hodl altcoins bitcoinminer bitcoinvalue blockchaintechnology

✨⭐️ Crypto Trading Quant ⭐️✨ on Twitter

4. BTC chart

Price not go below 20565 level to confirm a pullback.

Needs a "candle close" below this level to confirm a pullback.

Therefore price still in the same up leg move!

cryptoworld bitcointechnology bitcoininvestment bitcoinusa bitcoinasia bitcoinmillionaires

5. Altcoins

While Bitcoin goes sideways, the altcoins will continue to create small gains!

Yesterday saw a small dip due to a couple of news events, see here:

However, most alts have come back up and continuing to see gains!

bitcoincharts bitcoiner

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6. Conclusion

✅ BTC to carry on and still in an up leg move!

✅ Alts to continue seeing small gains while BTC in an up leg move!

✅ DXY maybe going sideways.

✅ Still waiting for Bitcoin to start a "pullback" move! Until then do nothing and let the trades run!

This post is based on this twitter thread.

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