BTC 2022 Deadcat Bounce Long Opportunity

2022년 1월 25일

We are in a clear downtrend for BTC, however, we've yet to see a meaningful bounce which could see an opportunity for altcoins to run. So, Bull Market or Bear Market - doesn't really matter at this stage. We look overextended, all it needs is a small catalyst, maybe news this Wednesday from the fed or any kind of positive activity in the stock market and we should see some kind of rally which could be an opportunity for both bitcoin and other altcoins. Buyers beware though, high probability of forming a lower high and continuing an extended downtrend.

A risky trade at this stage but potentially for a 40-50% gain, be careful if you decide to enter!