BTC following the sleepy KATATA Cloud (created by WhoIsWu). Expecting 2022 to be generally a Downtrend year, a few factors contributing to this:
Institutions Geopolitical uncertainties Supply Chain woes Work from home trend Inflation (fiat) ...and a million other reasons.
I've covered a few targets in my previous ideas, like BTC heading to 33K and then some, targets are still valid.
33K to 30K is a strong Support channel. There's a lot of talk from governments launching/testing CBDC (Central Bank Digital Currency) this year. I'm not sure what that means for BTC, but fingers crossed, we'll see 12.5K. I'll give you a moment to process that.
Institutions plan for long term, that includes the institutional Short sellers. A brutal selloff is very possible, BTC has done that a few times.
I trade shorter timeframes, 4H, 1H and 15M. But I always set trend on a 21H chart, and favor going Short.
Whatever the future holds, a few rules I never break: #1 Setup on Multiple Timeframes #2 Always set Stop loss and Trailing-Stop #3 Never Leverage over X3 #4 While in trade, I'm glued to the screen #5 Don't chase
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ Have a Laugh! Not trading/investment advice
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