68 Trading Plan (September 18 – September 24, 2023) – Hold your breath when waiting for information on US curiosity costs
one. Review final week’s trading strategy
We had a quite beneficial trading week final week, primarily with altcoins when the over share signals 68 Trading Telegram channel all have great earnings like SEI, WLD and HOOK.
As for BTC, the quick scalping strategy earnings even when the selling price touches the prediction zone.
four-hour chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September ten, 2023
Result:
four-hour chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
BTC also slowed down when it reached the USD 26,800 location, nonetheless you must set a end reduction entry to stop the selling price from continuing to bounce.
two. Analysis and commentary on Bitcoin (BTC) up coming week
1W chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
This week’s candlestick designed a bullish signal once again when the selling price after fell to the $25,200 location, but then rapidly retreated. However, when it touched the $26,800 location once again, the selling price stopped and is presently trading sideways just beneath this resistance. You can see the one-day candlestick chart to get a clearer see:
1D chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
It can be explained that presently BTC is nonetheless only sideways and we want to wait for the selling price to rise over USD 26,800 and repeat the check to have adequate basis to proceed shopping for.
Scalping strategy for BTC this week:
four-hour chart of the BTC/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
I consider the selling price will move sideways to accumulate just before reaching the resistance zone. Therefore, this week’s strategy will no longer go quick at the resistance, but as an alternative you can wait for the selling price to return to USD 26,200 – 26,300 to go lengthy.
BTC.D
Bitcoin Dominance Index (BTC.D), screenshot from TradingSee on the evening of September 17, 2023
BTC.D also headed sideways in the modest frame final week. In the medium phrase the 49.9% threshold will be very vital (black line). If BTC.D returns over this restrict, it could proceed to rise and vice versa. Altcoin customers must be cautious if BTC.D closes over 49.9% once again.
three. Some programs for Altcoins
AVAX
1D chart of the AVAX/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
AVAX demonstrates a quite great D-frame divergence signal when the new fund is reduce than the outdated fund, but the RSI demonstrates the opposite. It is anticipated that the obtain entry will be involving 9 and 9.two USD and the revenue withdrawal will be all-around eleven – twelve USD.
EDU
four-hour chart of EDU/USDT pair on Binance Futures, screenshot from TradingSee on the evening of September 17, 2023
EDU is stopped by resistance in the USD .46 location. The uncomplicated strategy is to wait for the selling price to break out, then retest and go lengthy.
four. Macroeconomic information
This week there will be notably vital information: September 21, 2023at 1 in the morning, The FOMC will make a choice on curiosity costs. According to forecasts, in this curiosity price choice, the Fed is probably to hold curiosity costs unchanged.
thirty minutes later on there will be a press conference by Fed Chairman Jerome Powell. The information of this meeting will also be incredibly vital.
On the similar day, at seven:thirty pm, the United States will announce the information Apply for unemployment rewards for the to start with time. If the real information is increased than forecast, it will be great information for the USD and vice versa.
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