10.10.22 - 17.10.22
Last week results
Instruments:
Last week the Crypto market saw an increase due to good news. This good news has moved the price for BTC and ETH as well as some Altcoins. However, the weekend was disappointing for many, returning to a mixed sentiment.
▶️ A lot of interest has come from Institutional investors. Microstrategy together with other Investment companies seized the opportunity to gram BTC at a lower price.
▶️ The rumors say that there is a lot of pressure for these companies to finish the year on profit, as well as to have a successful Q4.
▶️ The SEC law suite against XRP might have an end, in the close future, making XRP pricing move upwards.
These week’s key events
Last week the Crypto market saw an increase due to good news. This good news has moved the price for BTC and ETH as well as some Altcoins. However, the weekend was disappointing for many, returning to a mixed sentiment.
▶️ A lot of interest has come from Institutional investors. Microstrategy together with other Investment companies seized the opportunity to gram BTC at a lower price.
▶️ The rumors say that there is a lot of pressure for these companies to finish the year on profit, as well as to have a successful Q4.
▶️ The SEC law suite against XRP might have an end, in the close future, making XRP pricing move upwards.
📈 Bitcoin Sideways
Bitcoin has been trading between 18, 600$ and 20, 200$ since the 28th of August. Usually, sideways trading can create profits for traders, since they would like to open and close a trade at predictable levels.
💡 3 reasons to buy Bitcoin now:
🔹 More and more investors are coming back to BTC since fears of financial devaluation is on the rise.
🔹 The Exchange withdrawals have started to move up, meaning that more and more investors are buying, then withdrawing their BTC to their personal Wallets.
Image Bitcoin: Number of Transfers from Exchanges - All Exchanges
🔹 Technical analysis: BTC is traded sideways and we can take advantage of this type of market. Opening trades if the price will move over 19,700 and taking our profits to 20,200 or even higher. A vestry interesting sign is the Awesome Oscillator indicator, which is started to revert to the green side in the past 4 days.
❗️ Use this opportunity to make the right decision.
Exchange BTC
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