We have found a very interesting fractal movement of the BTCUSDT price, which now has a chance to repeat itself at least partially.
So, we’ll try to take a long position.
Entry = buy zone $26456-26681 with a potential average price of $26569
Stop = $25764 (-3%)
TP = $29180 (+9.8%)
P/L ratio = 3.25
We allocate $10,000 for this trade
In the event of a mistake, we will lose $300
If the trade will be a success, we will receive a profit of $980
We also remind you that today, 20.09, is the announcement of the new Fed rate. Currently, the market expects the rate to remain unchanged at 5.50%.
Therefore, we assume that there will be increased market volatility at 18:00-20:00 UTC, during Powell’s speech.
We plan to enter the trade on this volatility.
We also have a few of our old ideas that “subtly hint” that growth is still possible in the coming weeks:
Idea from 03/03/2023 “Inverted Head and Shoulders”
The BTCUSDT price has tested the base twice. It’s time for the BTC price to grow, the minimum target for this pattern is $40-41k.
Idea from 04/28/2023 The BTCUSDT price has been skillfully moving with the green fractal for over six months. If it continues like this, then by the new year, $50-51k is real.
Idea from 11/18/2022. The total capitalization of the crypto market. Almost a year ago, the crypto market bottomed out. Since then, the total capitalization has grown by +25-30%, which is not much, to be honest. But if the fractal movement continues, we can see +60-70% in the total capitalization of the crypto market by the end of the year.
What do you think about this trade, and what is your vision? Write about it in the comments! Trade active: And in this idea 10 months ago, we wrote down our expectations for the BTCUSDT price movement in 2023, check if it coincides)
