The news that President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Monday, with controversial crypto tax definitions now in the Treasury Department's hands saw BTC plunged and affecting the whole market. So sorry guys for those that were trapped and had losses on their trades. That is why i normally hammer on having a good risk management.
Well technically we an interesting scenario on the BTCUSDT. We have the 2RFL setup coupled with the QML formation. And then we also spotted a decision point. SO it is very important for us to be on the watch. If and only if market is going to show signs of rejection, bullishness or some bullish patterns, then that will be a good area of buy, cause of High Liquidity.
N.B: Make sure to manage your risk as possible as you can.
Well technically we an interesting scenario on the BTCUSDT. We have the 2RFL setup coupled with the QML formation. And then we also spotted a decision point. SO it is very important for us to be on the watch. If and only if market is going to show signs of rejection, bullishness or some bullish patterns, then that will be a good area of buy, cause of High Liquidity.
N.B: Make sure to manage your risk as possible as you can.