Long hiatus from crypto... I've reentered the asset class and the current risk/reward odds here is a buy.
- breakout $1700-$1750 zone + retest of resistance-turned-support
- weekly hammerhead + confirmation candle
- macro environment suggests sentiment leans towards dovish fed in short term
- 3 quarters of fed tightening undone in just the last week ($500bn expansion)
- eyes on regulators and banking contagion
Risk/reward 1:2
Holding period 2-8 weeks
- PT1 : $2000
- PT2: $2650
- breakout $1700-$1750 zone + retest of resistance-turned-support
- weekly hammerhead + confirmation candle
- macro environment suggests sentiment leans towards dovish fed in short term
- 3 quarters of fed tightening undone in just the last week ($500bn expansion)
- eyes on regulators and banking contagion
Risk/reward 1:2
Holding period 2-8 weeks
- PT1 : $2000
- PT2: $2650
Note
Note: SI, SVB collapse with regional banks collateral -- illiquidity is not the same as solvency...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.