Bitcoin price buy zone and an "events" calendar until April 2023
Updated
For the past two weeks, we have been warning about a possible fall in the crypto market in our ideas. Congratulations to those of you who were not lazy and have been reading our ideas!
In particular, at the beginning of the week, we wrote about the potential for a drop in BTC price and altcoins prices. By the way, USDT.D still has at least 7-8% growth potential
We will not repeat ourselves, but we will fulfill what we promised at the beginning of the week.
So, here is the calendar of events in the financial world, which will greatly increase volatility in the crypto market on important days:
As you can see, the next 20 days promise to be very busy, and accordingly, the volatility in the market will be greatly increased. + FUD is being thrown into the crypto market.
Our tips for the coming weeks:
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In particular, at the beginning of the week, we wrote about the potential for a drop in BTC price and altcoins prices. By the way, USDT.D still has at least 7-8% growth potential
We will not repeat ourselves, but we will fulfill what we promised at the beginning of the week.
So, here is the calendar of events in the financial world, which will greatly increase volatility in the crypto market on important days:
- today, 10/03/23 - unemployment figures in the US
- 14/03/23 - announcement of the US CPI (inflation). If the figure is higher than expected, the markets will be pushed even lower.
- 17/03/23 - quarterly expiration of derivatives - after that, there may be the first fresh resources to buy back the markets, in particular the SP500 and, accordingly, the crypto markets after it.
- 22/03/23 - announcement of the new FED rate. The size of the rate hike will directly depend on the announced unemployment and inflation figures. If a month ago, 90% of respondents were confident in a +0.25% rate hike, as of now, the votes are divided: 56% for +0.5% and only 44% for +0.25%.
The rate is approaching the levels of 2007, before the global crisis - we are not scaring you, just stating the fact. - 30/03/23 - US GDP data will be announced
- 31/03/23 - expiration of a large batch of BTC and ETH options
As you can see, the next 20 days promise to be very busy, and accordingly, the volatility in the market will be greatly increased. + FUD is being thrown into the crypto market.
Our tips for the coming weeks:
- completely eliminate leveraged trading, because increased volatility = a high probability of deposit liquidation
- place orders to buy BTC or altcoins you like below current prices and put them by the grid to get a tasty average price.
- For example, the range for buying BTCUSDT is a wide liquidity zone of $18000-19800
- and of course: like the idea, write a comment and subscribe to P_S_trade to be informed about new cryptocurrency ideas in time
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Note
Globally, on charts with large time frames, everything looks pretty good, like a logical correction
Note
Total crypto market capitalization is moving well in line with the fractal and has good prospects until 2025
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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