Jan. 19, 2021- Bitech.pro cryptocurrency market outlook.
Hello everyone. Welcome to the cryptocurrency market overview. Crypto currency markets started moving after a extended weekend. Let’s have a look at what’s going on.
I’ll start with Bitcoin as I always do.
$BTC price currently ranges between 35k and 40k still. Nothing happened since our last review related to the range. However, stops were taken and the price failed to close below swing low; that was a buy signal for me with the clear stop at the swing low. Potential target is the new all time high. Bears gave up on this attempt and failed once again. Double top has not failed yet, but it’s just a matter of time.
Daily chart looks great for the bulls after the last daily close.
All bearish momentum was cleared after the last daily close.
Let’s have a look at the $BTC CME chart.
Seems like bulls will leave these gaps unfilled and push to the new all time highs.
Let’s have a look at SPX.
SPX looks more and more dumpy. Meanwhile, crypto doesn’t. Moreover, alt season vibes in the air.
Let’s move to $ETH now.
$ETH ABOVE THE ALL TIME HIGHS right now.
Let’s move on 4h chart.
Price above ATH and moving towards to top of the rising wedge. Unfortunately, I’ve missed the opportunity to buy $ETH. However, I’ve bought a few $ETH binary calls at Bitech’s OptiPro module.
Encyclopedia of Chart Patterns suggest to go long from the bottom of this wedge. That could play out nicely.
Conclusion:
Bitcoin consolidating in the 35k-40k range still. Meanwhile, $ETH rocking over ATH. Ethereum probably takes $BTC up as well. Stay long guys. Bull Market here.
Follow my personal twitter account. Probably will be posting some trades over there.
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