Today we got some excellent news for Crypto from the UK.
twitter.com/wat...948976897626112?s=46&a...
Is this the start of a bull move or a great opportunity to short? The regulation of Crypto is no surprise to many of us and especially institutional traders and big hedge funds. We expect retail to buy as large funds sell, leading to a decline in price as institutional traders take their profits and get ready to rebuy the low. The reality is that we are in a bear market heading toward a recession. That narrative isn't changing. We have to, however, remember and keep in mind Crypto is overall carrying higher bullish potential. I expect BTC to return to an all-time high when the day comes. But that day isn't soon. We ride this market down until the FED pivots.
Good luck, and this is all for educational purposes only. Not trading advice.
twitter.com/wat...948976897626112?s=46&a...
Is this the start of a bull move or a great opportunity to short? The regulation of Crypto is no surprise to many of us and especially institutional traders and big hedge funds. We expect retail to buy as large funds sell, leading to a decline in price as institutional traders take their profits and get ready to rebuy the low. The reality is that we are in a bear market heading toward a recession. That narrative isn't changing. We have to, however, remember and keep in mind Crypto is overall carrying higher bullish potential. I expect BTC to return to an all-time high when the day comes. But that day isn't soon. We ride this market down until the FED pivots.
Good luck, and this is all for educational purposes only. Not trading advice.
Momentum is your friend. Think beyond the box, expand your reality and you will be ahead of the trend.
