Quick TA for those who are rushing to dictate bottom found. Also, to those who are too afraid and selling off in a panic.
The bottom is not confirmed here yet, so I would stay patient and follow the technicals. I wouldn't sell here being panicked. Not a place to sell off at all.
BTC/USD long trades very nicely follow the trade analytical confirmation when markets are aggressively in turmoil after too much hype or after too much of a fear of recession (in this context).
We had a clear bear market signal flashed at 43k. Ever since, we are waiting to find a clear bottom. The thesis of the TA is to find a safer spot. No rush here. Patience rewards.
Caution: any positive or negative news from a legitimate sector can lead the markets to pump or dump respectively - crypto is no different here. There's a very delicate market structure prevailing now that is desperately waiting for a positive event or series of positive events. Adversely, one negative news may crush the entire market hard. Stay alert, and do not rule out the trends with too much of your sentiments.
If you are a swing trader, take benefit of the swings at lower times.
The bottom is not confirmed here yet, so I would stay patient and follow the technicals. I wouldn't sell here being panicked. Not a place to sell off at all.
BTC/USD long trades very nicely follow the trade analytical confirmation when markets are aggressively in turmoil after too much hype or after too much of a fear of recession (in this context).
We had a clear bear market signal flashed at 43k. Ever since, we are waiting to find a clear bottom. The thesis of the TA is to find a safer spot. No rush here. Patience rewards.
Caution: any positive or negative news from a legitimate sector can lead the markets to pump or dump respectively - crypto is no different here. There's a very delicate market structure prevailing now that is desperately waiting for a positive event or series of positive events. Adversely, one negative news may crush the entire market hard. Stay alert, and do not rule out the trends with too much of your sentiments.
If you are a swing trader, take benefit of the swings at lower times.
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