P_S_trade

possible Bitcoin price trade for weekend

P_S_trade Updated   
WHITEBIT:BTCUSDT   Bitcoin / Tether US
So, the first trading week in the new 2023 is coming to an end.
The week turned out to be quite calm, the price of BTC grew +2.5-3%, while altcoins showed slightly better results from +5% to +25% shown by the ETCUSDT pair.

We described our expectations for 2023 in this idea:

Today, the market may move a little bit, because the US unemployment rate will be published
_____________Fact_____ Forecast____ Previous
06.01.23_____ ?________ 3.7%________ 3.7% - we expect smooth growth, consolidation
02.12.22_____ 3.7% ______3.7%________ 3.7% - smooth growth, consolidation
04.11.22_____ 3.7%______ 3.6%________ 3.5% - Market collapse

The main thing is that the indicator is as predicted or even better.
Deviations in the direction of deteriorating dynamics can provoke market collapses.


So for the weekend, we will try to trade with a short stop
Entry $16510
Stop $16274
Take profit $17444
Profit/loss ratio 4/1

Next week, on 12.01, the updated CPI will be announced
And on 01.02.23 the next FOMC meeting will announce a new Fed rate and really shake up the financial markets.


Therefore, we expect that January will pass in consolidation with smooth growth.
_____________________
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Comment:
🇺🇲 Unemployment rate falls to 3.5%, compared to the forecast at 3.7%
+ The average wage per hour rises 0.27% in the month and 4.59% on an annual basis;
the consensus was +0.4% and +5%; in November, +0.55% and +5.09%, respectively.

+ Markets reacted positively to exceeding expectations
Have a nice weekend everyone)

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