Thursday, March 20, important news is coming regarding the Fed's interest rate decision.
It's different from BnB. It's a head and shoulders model.
The head is at 108k-109k and the two shoulders are around 91300-91500 with the confirmation bottom at 75000-76600 on the larger timeframe.
Bnb needs to hold steady at 614-616; breaking this level could lead to a drop to 584.
The upper threshold must break 649-653 to confirm an upward trend.
Currently, on the smaller timeframe, the daily Bnb is close to the overbought area, while the smaller timeframe has already touched it 😁. The long ratio is higher than the short, accounting for nearly 60%.
This week, the waves are running erratically; sometimes they may move before the news, so be careful not to long/short anything.
Thursday, according to the admin, is a day to sit tight and sweep long/short, maybe a bit aggressively. However, the admin thinks Thursday might not be very good.
😁