Daily Bitcoin Update - CPI DATA IMMINENT, FED tomorrow, SBF???

13 dic 2022

Morning all,

Full TA in the video as usual. Some notes:

- Keep an eye on the CPI date which will be released in under an hour
- FED decision on inflation tomorrow, 50 or 75 BPS
- SBF hearing today? What will be revealed and will it affect the markets?
- Bitcoin, SPX, ES1, Nasdaq all trading under heavy resistance. The markets will need positive news from the FED to get above this resistance.
- Watch out for head and shoulders on the SPX, ES1
- Long term pattern is a falling channel, short term pattern is a rising wedge
- Lot's of Binance FUD - keep an eye on Twitter for news
- No trade at the moment - waiting for FED news.

Be patient and stick to your strategy!

Please hit the boost button if you like this update.

Back tomorrow.

Thanks

SIMON BPOI