09.01.23 - 16.01.23

Last week results

Instruments:

We finally saw some movement for BTC, after 1 month of a downward trend. Things are looking for for this new year. However, we need to be very careful since it’s possible that we might see a bull trap.

What happened last week :

▶️ FTX Management Eyes Retrieval of SBF Charity Donations.

▶️ Wave bottom was rejected at $16,000 for BTC, similar to what we have seen in the past.

▶️ Solana hits 2-year bottom, then pumps 50%.

These week’s key events

▶️ FTX Management Eyes Retrieval of SBF Charity Donations.

▶️ Wave bottom was rejected at $16,000 for BTC, similar to what we have seen in the past.

▶️ Solana hits 2-year bottom, then pumps 50%.

📈 BTC coming back?

The Crypto market has started the new year in full force. Solana and other Altcoins have pumped, the crypto investor has a little more faith and the market started to come back. An important factor is the BTC rejection at $16,000 which has made the bottom prediction for most investors come true.

💡 3 reasons to buy BTC now:

🔹Possible XRP vs SEC lawsuit results to come in this quarter.

🔹 BTC will be adopted in more countries in 2023.

🔹 The number of unique addresses holding at least 0.1 coins has just reached an all-time high.

BTC: The number of unique addresses holding at least 0.1 coins.

🔹Technical analysis: We finally have some predictable chart patterns that can work in our favor, no matter if the market will go up or down.

Long Strategy: We can open a Long position if the price moves over $17,280 then we can apply the Take profit at $17,390 then remove it to $17,580 and then to $17,880. The Stop Loss should be around $17,150.

Short Strategy: We can open a Short trade at $17,090 and place our Take profit to $16,900, then remove it to $16,600.A Stop Loss can be considered at $17,050.

Reinitiate a Long trade at $16,900 or $16,700 only if you see a firm rejection. Then, use the above trading targets.

❗️ Use this opportunity to make the right decision.

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