Happy new year. The markets are moving and so am I.
Bitcoin bounced from $84k support and is headed to larger resistance at $95k level. Price must break above for bull market to continue.
ETH got to $2,815. Waiting to see what price does here. Might go lower if BTC continues to fall.
Lots of chop in the market right now, but I'll let the charts show me what price wants to do.
BTC finally fell to support. Remember, this support is not a major support, but I'll watch to see if it holds.
I'm essentially flowing with the market and working with what it gives me.
Didn't forget about HYPE. Price failed to climb higher and has eventually fallen below red line. Today is Fed Policy so I'm being careful.
Looking to see how price plays out.
Weekly outlook
BTC trades in a range, but I'm looking at some substructure plays. Essentially, BTC price could either climb up to red resistance zone and face sell pressure or fall to green support zone.
Red zone is bigger than green, so it matters where price gets to first.
Looking to long BTC at purple zone on M15 (if I get confirmation). General price action still bearish on H1 though, so this would be a counter trend trade.
Looking to long BTC at purple zone on M15 (if I get confirmation). General price action still bearish on H1 though, so this would be a counter trend trade.
Everyone is waiting or Bitcoin to set new highs, but there's still one resistance level that price must scale through before this can happen (marked in blue zone above price action).