#BTC H4 Update

As discussed in previous Update, BTC did exactly alike and we got the necessary liquidity test towards 37.3k zone and saw aggressive buying from that area.

It absolutely made sense as we got Double bottom , RSI bullish divergences, lower volume making lower lows ( bullish PA). This was among other reasons why we went long on Bitcoin and few other altcoins in VIP /Premium Forum in last two days.

However today is #Fomc meet and not only interest rate hike of 50 basis points is almost certain. Although that’s already been priced in most of cryptocurrency prices but the word is he may announce the possibility of increase in interest rate in coming Fomc meets so huge volatility is expected in turn.

Have Safe Trading

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