@Cryptofreakz said in CPI’s Out Today. How Does Crypto Usually React?:
do they just follow Bitcoin
I don’t fight the candle. I wait for the closing price of the 1H bar after the release.
If that close is above yesterday’s high, I look for a long entry on the next pullback
If it closes below the low, I stay out or flip short, depending on my bias
On June 12 CPI I saw a bull candle close 2% higher at 2pm UTC, then price retraced 0.8% into the EMA50 on 15m. That was my signal to go long. Simple, avoids chasing wicks. ^^
