TapiwanasheGwisai

BITCOIN [$BTC] 22 JANUARY 2021

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD

Pivot Point: (65 Weekly EMA) $14296.43

The long-term trend is considered up when BTC/USD is above the 65 Weekly EMA

Our view: Long positions above (65 Weekly EMA) $14296.43 

Comment: BTC/USD remains Bullish above the $14296.43 level—Buy on a pullback into the value zone (area between the 13 & 26 Weekly EMA)

Stop-loss: (26 Weekly EMA) $20147.87

Alternative scenario: Below $14296.43 BTC/USD becomes Bearish, expect further downside to lower levels  

Trading Methodology: Triple Screen Trading System by Dr. Alexander Elder (Pullback Trading Strategy)  
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.