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Btc-usdt

My trading strategy for the next week.Hello traders 👋 To elaborate a trading strategy it requires multiple factors such as The macro-factors : Covid-19 pandemic (lockdowns), supply chain (high transportation prices causing inflation), Ukrain war (causing gas fees to increase) . The market factors such as The price action on Time Frames, some indicators ! __________________________ Points toward the bullish biasis 🐂 : BINANCE:BTCUSDT 1)First of all we have btc at important on important trendline that only touched 2 times and kicked of an amazing rally ! and the only ones we have seen this year. 2) We have 2 bullish divergences on the rsi. 3) A bullish price action pattern is strong point for bulls such as double bottom, triple botom, inversed head and shoulder, losange, or any other trend reversel or bullish ones. espacially if it is associated with trend reversel candle stick formation. 4) BTC didn't make lower lows on the monthly TF and it is on All these 3 points make on the VERY short term a valid long entry. __________________________ Bearish biasis 🐻 : 1) This point is worth all the previous mentioned and those who will be cited next. This point is about interest rate and federal reserve decision ! If the outcome of their decision by rising more than investors expect will cause markets all around the world to crash (as if they already didn't😏). Actually, the reason of the begining of this crash is due to the first press declaration ( see the full article here ). On this Tuesday, the federal reserve has a meeting Tuesday 3rd may where they will decide how much they will increase. I expect the outcome will be more than investors preferences and this causes the markets to rally donward. 2) I thinks there isn't enough trading volume this may reflect the low interest of investors and these prices even though they're low and this will cause the prices to go down further ! 3) Since the prices are lower than the 200 ema, it means that we're in a downtrend and basically we're in a bear market by definition. I will be looking for a trend continuation at the 15mn TF and profition from the pullbacks of this downtrend! 4) BTC below it's 50 EMA on the weekly ! ____________________________ I hope you liked this Idea, if you want to show your appreciation for the efforts spent you can like this post ! At the end I wish you a profitable trading and Thank you !
by Pleased_Owl
3
Bitcoin Price Analysis - 4/5/22Crypto Markets have corrected by about 50% from all-time high and have been consolidating for a while, Price is at a vital support level and the price has to sustain above this level for any upside. If BTC closes below the lower trendline, we can expect more bearishness and the price might slide towards 33000$ and 29000$ which are the next major support levels. So plan your trades accordingly. Only for educational purposes. DYOR Before Trading or Investing.
by tradewidmufeeth