BTC Update March 19: FOMC Week
Hi Folks, well it's been an interesting two weeks for the global economy and Banking system and Bitcoin has shined during the crisis outperforming every other sector.
In my last Patreon update on Thursday I called a bullish pivot at 25k and gave a buy signal, saying a breakout out could go to 28500, a level that was hit today.
Here is what I said
"I have pivoted more bullish in the short term, scaling into Spot BTC and ETH and MATIC over the past few days... This is a classic text book "bullish retest" for a bullish higher low. And hard to read this another way than technically bullish. The fact that BTC held up well in the March 2-16 astro crisis period it self is bullish... A breakout above the 25k can go to the next KEY resistance at $28500"
One thing I want to note that I now believe that heavy serious Saturn was holding Crypto down in Crypto friendly sign Aquarius, and I now consider Saturn's Pisces ingress as a bullish factor for Bitcoin. I did consider Saturn's initial conjunction to BTC Venus at 0 Pisces to be unfavorable, however I did mention this possibility in several updates and I talked about it in the March forecast report ...
"So There is some chance Saturn leaving Aquarius and entering Pisces could be Bullish for Crypto, but the conjunction to BTC natal Venus at 0 degrees Pisces and opposition to ETH Venus at 0 Virgo March 7-16, generally seems high probability Bearish,"
This is a big week with FOMC on March 22, one of the most important FOMC meetings of the decade. The Fed is in a tough place, caught between …..
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