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Adrianosoq
Jun 20, 2022 7:07 AM

Idea for BTC Long

Bitcoin / U.S. dollarBitstamp

Description

It looks that there is a symmetry in BTCUSD chart around 12.5k.
In my opinion, there is space for correction to level 12,5 k, some consolidation, and after some time dynamically regaining value. Why? It is a crystal ball, but there is symmetry on the chart, #recession fear will dominate for some time. #crypto assets are considered by portfolio managers as a new class of assets in their portfolios. If they have to reduce their portfolios, they will also cut risk and positions on crypto to have a balanced portfolio, with limited risk. If they decide that there is a good opportunity, the price will rise, because they control large capital. Remember to make your own decisions, calculate the risk, and happy trading.
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