Short

Sell on BTCUSD, target 19k USD

Updated

Hello Traders ;

The current current envirnement is stressing bitcoin holders , there is China's Cnetral Bank is putting presure on Crypto brokers and the Chinese governement has banned Crypto Mining activities. Also the US Financial Authorities are warning from losses of holding cryptoasset, the rise of inflation in the US Market is putting pressure on the financial markets to rise borrowing costs as the FED is struggling to explaine to the publique the increase on the balance sheet .

Trade with care

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Note

Crypto sector sees outflows for fourth week in a row, CoinShares data shows, full article : reuters.com/article/fintech-crypto-flows/crypto-sector-sees-outflows-for-4th-week-in-a-row-coinshares-data-shows-idUSL1N2P91TG

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SEC Chair Gensler: Stock tokens, stable value tokens backed by securities and any virtual goods that provide exposure to underlying securities are other regulated by the SEC.

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SEC Chair Gensler has asked Congress for additional authority and resources to oversee cryptocurrency trading.

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US Republican Senator Blackburn: Light-touch crypto legislation should be considered.

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Bitcoin price was rejected from 0.618 fibonacci retracement. see this chart

invst.ly/vrbxb

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#Fed's #Kashkari: I don't see any legitimate use case for #Bitcoin.
#Fed's #Kashkari: #Crypto currency is 95% fraud, hype, noise & confusion.

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OmarNAMOUCHI

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