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The current low Bitcoin recovery of $ 10,200 has sparked a renewed discussion on whether the market has already set a local hall and is placed in a higher position above.
The analyst claims a 90 % chance at the bottom of Bitcoin in
Astronomer, who publicly documented his short-term air call from $ 123,000 to $ 110,000-111,000 dollars, open It turned as long as the goal was reached in late August. “Well, as if my confidence in the bottom in the $ 110,000 region at the end of August was not strong enough … There is now another lining to meet,” he wrote. According to him, the Federal Reserve Political meeting course works historically as a point of transformation of bitcoin trends.
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He explained: “The FOMC meeting data reflect at least 0 tapes (in history), or 6 tapes at most before history, and I did it correctly 90 %+ of times. And in the few times that were not, it was because we have long assumed (that has more power).” In practice, the astronomer argues, as it runs the event in the front, as the families and players who suffer from capitalism determine the post -FOMC direction before digesting the feelings of retail.
With the FOMC decision scheduled for September 18, it claims that the declining trend is from $ 123,000 to $ 110,000 has already exhausted before the specified date. He said: “Now with the appearance of FOMC … it is likely that the depression is already planted, and the direction is reflective again.”
The analyst opposed his methodology with the ecological system of comments on the broader encryption, as many influencers continue to predict more negative and “September”. Such opinions called the “absolute nonsense” roots in the seasonal level. “Every time you work, he sows a hall before he managed the actual meeting of expectation … The insiders have already put the direction of the post FOMC price, regardless of the result,” he wrote, stressing that relying on public warnings “be careful” before the central bank events loses the structural shift.
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After entering the long at $ 110,000, Bitcoin has since increased more than $ 115,000, prompting the astronomer to announce the thesis of September is already valid. “September will be closed. Yes, September officially 6 % in error now. September has opened in 108299, and the price is now 115,000. This places September in the upper historic quarter of its result at the present time.”
He also referred to the past two years as evidence that the September reputation as a weak season for Bitcoin lost a statistical advantage. He wrote: “It should not be a specific month in reality green.
For astronomy, the conclusion is clear: “When many convergence in the same direction indicate, this means that you usually solve the Rubik cube properly and thus can believe in confidence.” However, he has reduced the condemnation of risk management discipline, saying: “Of course, I can always be mistaken, although a long time has passed we lost trade, and we have never gone.
With the presence of Bitcoin, which exceeds $ 115,000 and throughout the FOMC meeting, the market ruling in the short term on whether the sustainable bottom may reach sooner, not later.
Distinctive image created with Dall.e, Chart from TradingView.com
The post Bitcoin Bears Shaken—Analyst Says Local Bottom 90% Likely Set first appeared on Investorempires.com.
