BITCOIN - Intraday Chart: Waiting for the NFP!

8 ก.ค. 2022

NFP - employment data coming out in 5 hours and it WILL be MASSIVE!

FXPROFESSOR is the well-earned nickname but Bitcoin enthusiast is the identity here.

Yes, we do trade Bitcoin as a Forex trade these days, both technically and fundamentally (as well as sentimental too).

SENTIMENT:
NFP i would guess will be Positive, just a well calculated 'feeling' based on what i read and how i 'read' the situation

FUNDAMENTALLY:
Positive for the next 2 weeks (NFP+CPI inflation data releases), very complicated after that (GDP release will show recession or not).

TECHNICALLY:
Bullish, find my levels on my updated chart. 21300 and then higher would be my 'wild guess' but don't ever count on it.

Wait for the volatility at NFP time (13:30 London time).

One Love,

the FXPROFESSOR