Hey bitcoin friends, what is trending in the crypto markets? Well, we have experienced from the beginning of 2022, that cryptos are such unstable assets to rely on.
The 2 Trends (News and Price actions), in the crypto market, when the news is negative and the overall trend is bearish, there are more to come. Not like in Forex and Commodities, where Fundamental spikes are very small spikes, just to take some stop losses.
The FTX story triggered Bitcoin to break the 20000 strong support. By looking at the technicals and surfing the web, there is clearly no problem to say that bitcoin is falling lower and could fill the 12.900 level any time soon. With the story about the Crypto Winter, Inflation is very difficult to say when will the Crypto market recover.
Traders are now in survival mode, also the exchanges, the time will cristal out who we can believe and where to put our capital without nightmares.
I only look at Bitcoin and Ethereum at the moment. The best recommendations I can give are to Use Trailing stop losses, trade only breakouts, and sell every high and clear Pattern.
I'm positioning myself to open a Sell Order at:
Open at: 16880
1Target:15900
2Target:14500
Stop loss: 17380
Move to stop every 500 points.
Good Luck traders.
The 2 Trends (News and Price actions), in the crypto market, when the news is negative and the overall trend is bearish, there are more to come. Not like in Forex and Commodities, where Fundamental spikes are very small spikes, just to take some stop losses.
The FTX story triggered Bitcoin to break the 20000 strong support. By looking at the technicals and surfing the web, there is clearly no problem to say that bitcoin is falling lower and could fill the 12.900 level any time soon. With the story about the Crypto Winter, Inflation is very difficult to say when will the Crypto market recover.
Traders are now in survival mode, also the exchanges, the time will cristal out who we can believe and where to put our capital without nightmares.
I only look at Bitcoin and Ethereum at the moment. The best recommendations I can give are to Use Trailing stop losses, trade only breakouts, and sell every high and clear Pattern.
I'm positioning myself to open a Sell Order at:
Open at: 16880
1Target:15900
2Target:14500
Stop loss: 17380
Move to stop every 500 points.
Good Luck traders.
