BitcoinAlış
My trading strategy for may, Will BTC rise again ?
Güncellendi
Hello traders !
I drawed this fib channel to have some insights on our potential support level, and it seems that we're on it and we reacted perfectly to it !
When we zoom in on that fib line we will see an inversed head & shoulders pattern has perfectly shaped on that support level and bounced 10% from the 29,7k level.
Insights about the markets :
All the markets has scored a negative results since the 29th of march, and when I say all the markets I mean ALL THE MARKETS. This is due to multiple factors :
1) Interest rate increase.
2) American GDP is negative for the first quarter of the year. If by june it makes another negative quarter, we're by definition in a recession. In a recession the investment mindsets shifts and the investors orientation change.
3) Inflation caused by covid lockdowns, supply chain disruption and Ukrain-Russia war !
What's next ?
I think we're going to see a relief rally since all the markets has priced in these changes so far and maybe we wil be seeing a bounce back to the 36k level.
I recommand using your trend following trade strategy when the prices are above or below the 50 EMA !
________________
Like and follow this idea to recieve trading signals !
I drawed this fib channel to have some insights on our potential support level, and it seems that we're on it and we reacted perfectly to it !
When we zoom in on that fib line we will see an inversed head & shoulders pattern has perfectly shaped on that support level and bounced 10% from the 29,7k level.
Insights about the markets :
All the markets has scored a negative results since the 29th of march, and when I say all the markets I mean ALL THE MARKETS. This is due to multiple factors :
1) Interest rate increase.
2) American GDP is negative for the first quarter of the year. If by june it makes another negative quarter, we're by definition in a recession. In a recession the investment mindsets shifts and the investors orientation change.
3) Inflation caused by covid lockdowns, supply chain disruption and Ukrain-Russia war !
What's next ?
I think we're going to see a relief rally since all the markets has priced in these changes so far and maybe we wil be seeing a bounce back to the 36k level.
I recommand using your trend following trade strategy when the prices are above or below the 50 EMA !
________________
Like and follow this idea to recieve trading signals !
Not
Preparing for long entry at 30,9k - 30,8K interval ! Stay tuned for SL and TP
İlgili yayınlar
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.