Jan. 14, 2021- Bitech.pro cryptocurrency market outlook.
Hello everyone. Welcome to the cryptocurrency market overview. Crypto currency markets currently picked up some bullish momentum on the lower timeframes. Let’s have a look at what’s going on.
I’ll start with Bitcoin as usual.
Pretty clear levels on the 4h. Stair case it is. Bought back $BTC spot holdings at the $ 31000 order block. Given order block aligned with RSI oversold zone at 4h and Stoch RSI bullish cross. All that was enough for me to buy back a $BTC spot . As always I was playing with binary options at Bitech’s Optipro module; I was buying calls mostly since the 31k order block held.
Daily chart looks bullish as well. Last daily close was pretty strong; no doubts it has room to go higher.
Let’s zoom in a bit.
frames; new ATH very likely in this case. Will be watching this level closely and make a decision up on the action there.
We spoke about $40900 as a target in our last overview.
Now we have a brief look at SPX.
Evening star doesn’t played out. It’s a bullish scenario for the whole crypto currency market as well.
Let’s move to $ETH now.
Last daily close was strong from the bulls. Seems like bulls unstoppable right now.
Let’s move on 4h chart.
On 4h you can notice a huge ascending broadcasting wedge.
Conclusion:
Closest support was held by bulls and now the price going towards the liquidity zone. I’ve bought back spot exposure. Decision point at 40–41k; rejection and I’m selling my crypto, break through and I’ll keep spot holdings. Moreover, I’ll be playing over binary options at Bitech’s OptiPro module for now.
Follow my personal twitter account. Probably will be posting some trades over there.
If you haven’t taken a look at the OptiPro module at Bitech.pro for binary options yet. Don’t hesitate and sign up.
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