BTC/USDT Overview

١٢ ديسمبر ٢٠٢٢

Hey traders,

And we are back with our Bitcoin overview guys and this time again on Weekly chart. Well after breaking down from that major trend (blue line) we have been in a correctional movement which is often referred as a sideways movement. As we all know there are going to be some volatility on the market (Thanks to CPI and FOMC news) which we think will end this correctional movement for some time.

What do we suggest you to do here?
Well Winter is almost here which mean Christmas and New Year is also around the corner - usually a risky times to trade at all. We will be honest with you guys, we don't see any recovery to happen soon on the market which means we should go for at least one last major drop (Due to no-one knowing when the bottom is)
We have two possible scenarios here one with a retest possibility towards the trend line and one where we will just go for a lower levels

One thing is for sure - buying now with small amounts (ladder entries) will put a smile on your face in couple of years.

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.