06.03.23 - 12.03.23
Last week results
Instruments:
During the week, bitcoin was declining. At first, he did it quite slowly, until Thursday he collapsed down. It has holed the levels like an air.At the same time, Bitcoin is practically not corrected, and this should be worrying.
▶️ Bitcoin volatility is jump since the Silvergate crash
▶️ British banks HSBC Holdings and Nationwide Building Society have banned the purchase of cryptocurrencies using credit cards to their retail customers
▶️ Biden budget proposes 30% tax on crypto mining electricity usage
These week’s key events
During the week, bitcoin was declining. At first, he did it quite slowly, until Thursday he collapsed down. It has holed the levels like an air.At the same time, Bitcoin is practically not corrected, and this should be worrying.
▶️ Bitcoin volatility is jump since the Silvergate crash
▶️ British banks HSBC Holdings and Nationwide Building Society have banned the purchase of cryptocurrencies using credit cards to their retail customers
▶️ Biden budget proposes 30% tax on crypto mining electricity usage
📈 BTC the swing continues
The bitcoin market volatility has skyrocketed. A deep correction should be expected after rapid movements. It doesn't matter where you want to trade. Do it from corrections. Focus on historical levels.
💡 3 reasons to trade BTC now:
🔹 BTC's falling faster than rising
🔹 It's a good opportunity to make a fast money before market reverse
🔹 It would be nice to dilute transactions with bitcoin with other cryptocurrencies in order to hedge
BTC:The number of unique addresses holding at least 100 coins.
🔹Technical analysis: ver the weekend, Bitcoin reversed sharply and began to recover. This is a very good buy trade opportunity. But the turbulence that has been going on for the past few weeks calls for caution. We orient ourselves to the nearest levels and trade relative to them for a rebound or breakdown. Avoid trading when the price is between levels. At the same time, oscillators (RSI, Stochastics) can help to trade for the rebound. And for the breakdown, the divergence of the moving averages.
Long Strategy: Open a buy trade when the price corrects to the mark $21,400. Set a Stop Loss at $21,150 and a Take Profit at $23,200.
Short Strategy: Open a trade if the price will be $22,140. Put a Stop Loss at $22,900 and a Take Profit at $20,900.
❗️ Use this opportunity to make the right decision.
Exchange BTC
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.