In this idea we're looking at the 1D and 12H timeframe for BTCUSD . The recent sell-off was heavy and mainly driven by fear and undoubt, especially regarding the "exit" of crypto for the US. It doesn't bother me too much, since most of the volume in crypto comes outside of the US. Regulation is necessary & won't impact my multi-year perspective.
Anyway, the bottom is not in yet. I don't expect the price to retrace yet. Instead, we'll see a sideways movement, while the price is slowly aiming the major support at $18900.
The next week will be very interesting when it comes to earnings , inflation and a further perspective throughout the year (interest rate hikes). It's hard to make any plans for the mid-term. But we can keep adding to our bags with good entries and profit in the long run.
Please also feel free to check out the previous two trades, as well as my bio with relevant information on how to trade through TradingView with your favorite broker.
Cheers,
ARESABI
Anyway, the bottom is not in yet. I don't expect the price to retrace yet. Instead, we'll see a sideways movement, while the price is slowly aiming the major support at $18900.
The next week will be very interesting when it comes to earnings , inflation and a further perspective throughout the year (interest rate hikes). It's hard to make any plans for the mid-term. But we can keep adding to our bags with good entries and profit in the long run.
Please also feel free to check out the previous two trades, as well as my bio with relevant information on how to trade through TradingView with your favorite broker.
Cheers,
ARESABI
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