BTC forming a PURRfect structure!

アップデート済

BTC following the sleepy KATATA Cloud (created by WhoIsWu).
Expecting 2022 to be generally a Downtrend year, a few factors contributing to this:

Institutions
Geopolitical uncertainties
Supply Chain woes
Work from home trend
Inflation (fiat)
...and a million other reasons.

I've covered a few targets in my previous ideas, like BTC heading to 33K and then some, targets are still valid.

33K to 30K is a strong Support channel.
There's a lot of talk from governments launching/testing CBDC (Central Bank Digital Currency) this year. I'm not sure what that means for BTC, but fingers crossed, we'll see 12.5K.
I'll give you a moment to process that.

Institutions plan for long term, that includes the institutional Short sellers. A brutal selloff is very possible, BTC has done that a few times.

I trade shorter timeframes, 4H, 1H and 15M. But I always set trend on a 21H chart, and favor going Short.

Whatever the future holds, a few rules I never break:
#1 Setup on Multiple Timeframes
#2 Always set Stop loss and Trailing-Stop
#3 Never Leverage over X3
#4 While in trade, I'm glued to the screen
#5 Don't chase

❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
Have a Laugh!
Not trading/investment advice

ノート

:)