My trend for this week: I prefer to wait until the end of the week and see the weekly trend in full and only then will I do something. My strategy is to have free USDT for a possible market drawdown.#BTC #usdt
And leave a comment, what is your strategy now? āļø
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1. Explain The overall market trends 2. Why we witnessed a big drop in market 3. Add your prediction 4. what strategy someone can use to prevent from these market conditions.
Here is my take on market so you can get an idea what you have to post:
Picture 1: Bitcoin was clearly printing lower high on the daily and weekly chart which is technically is a sign of weakness. Once price start breaking down we saw a sharp well off which was obviously caused by market weakness itself but also some macro fundamentals that iran is attacking israel , Global recession and Japanese market is crashing.
Market trends (Picture 2) if you see the overall weekly trend i think nothing changed on the $BTC weekly scale price is still on an uptrend based on the weekly chart unless we see a weekly close below $50k level.
Predictions: Like i said as long as the high timeframe chart is bullish it's fair to expect bitcoin continue to push up towards the new highs. The key level to hold is $50k
How you can prevent from these drops?
As this move down was fundamentally driven When situations are this bad charts are least likely to work. The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down) you see how big that candle was and it dropped to key high timeframe level and provided a good move up.
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šThis post is jointly sponsored by Binance Square.
Guys, I didn't think my first post would be like this. š But I suppose my case is very meme-like. I'm dollar millionaire))). And I have proof. Let's have fun together. So, this is my story. I decided to try to buy memcoin on the DEX exchange. After several attempts, I chose a "super successful coin", which later turned out to have a freeze function. I really did not notice it, so I bought it without checking the security function - Freeze. I invested $15 and closed the app. After about 20 minutes, I open my app and I have round eyes, because everything has collapsed. The coin has grown by 100000000%, the telegram chat has been deleted, and millions of dollars are in my account, but it's all frozen.
The moral is that be vigilant and think about which project and which team you are investing in.