BTC Technical Analysis [01/14/2022]
Good opportunity to purchase BTC at a discount.
- Fed continuing to inject money into the markets, have not started to tighten yet [Confirmed multiple rate hikes in 2022]
- Bonds selling off/US10YR yield rallying which indicates risk on enviroment [Crypto Currency is a risk on asset]
- Sell off started with the report of a new variant of concern [Omicron - B.1.1.529 Variant], then continued when the feds talked about battling inflation, suggesting rate hikes and tapering of asset purchases
Traders: Wait until confirmation of break out to the upside of downtrend - Higher highs, and higher lows.
Long term investors: Adding to the holdings during pull backs presents opportunity for massive returns. just remember, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent.
Happy Trading!
- Fed continuing to inject money into the markets, have not started to tighten yet [Confirmed multiple rate hikes in 2022]
- Bonds selling off/US10YR yield rallying which indicates risk on enviroment [Crypto Currency is a risk on asset]
- Sell off started with the report of a new variant of concern [Omicron - B.1.1.529 Variant], then continued when the feds talked about battling inflation, suggesting rate hikes and tapering of asset purchases
Traders: Wait until confirmation of break out to the upside of downtrend - Higher highs, and higher lows.
Long term investors: Adding to the holdings during pull backs presents opportunity for massive returns. just remember, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent.
Happy Trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.