Wednesday, September 28, 2022

Finspiration Australia. Chart Analysis for Australian and International Stock Markets. +Bitcoin

 28/9/22.  After a positive start, ASX falls into negative territory.


Although down today, XJO continues to respect the lower edge of the descending expanding wedge.

Expect the next major move to be to the upside.

Bitcoin.


Bitcoin slid lower today, down -1.75%.  It remains bearish.

Unless you are a sharp intra-day trader, I think it is best to give Bitcoin a miss.  It is in a slow descending market.  Not a lot of opportunities for a medium term trader.

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