The $BTC (Bitcoin) swing trade idea from Nov 22nd has effectively hit the max. price target of 18239 (close enough) for a ~13% gain. This provides an objective level to book profits and/or reverse to short for a pullback trade on any of the Bitcoin proxies such as $BTC, /BRR, GBTC, etc… Previous & updated 3-hr charts below.
BTC 3-hr Nov 22nd
BTC 3-hr Dec 14th
Just a reminder that we have the much anticipated & potentially market-moving FOMC rate decision at 2 pm today. I’m still battling the flu or Covid but will do my best to post my thoughts or any significant developments before the close today and/or tomorrow, as I typically like to let the post-FOMC dust settle before reading too much into the market’s initial reaction.