BITCOIN- Time to go Back Up? NFP might Help!
Bitcoin corrected, as expected, weekend is coming but we need a good Friday boost higher to invite some buyers and discourage some short-sellers.
NFP (Jobs report in the US) is out in 3 hours.
A positive figure might give us a boost, a negative figure might discourage the FEDs from running too fast with a rate hike.
Americans have been talking but not walking about a rate hike for a while now. The last hawkish statement from the FEDs pushed Bitcoin lower (we did quite well reading that).
Time for Bitcoin to go back UP? Or will we need to test the lower support (just look at the chart and the arrows, come on now).
I say we go back up today. AT least for a little while.
One Love,
the FXPROFESSOR
NFP (Jobs report in the US) is out in 3 hours.
A positive figure might give us a boost, a negative figure might discourage the FEDs from running too fast with a rate hike.
Americans have been talking but not walking about a rate hike for a while now. The last hawkish statement from the FEDs pushed Bitcoin lower (we did quite well reading that).
Time for Bitcoin to go back UP? Or will we need to test the lower support (just look at the chart and the arrows, come on now).
I say we go back up today. AT least for a little while.
One Love,
the FXPROFESSOR
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