^ The state of BTCUSDT right now is range bound between Bullish Engulfing Pattern (Jan 14) support and Bearish Engulfing Pattern (Jan 19) resistance.
Below I show the following potential, most likely movements for BTCUSDT within the next 13 days & 12 hours.
^ The -3% panic selling (12:00 UTC+1) was absorbed by demand at 3438 Bullish Engulfing Pattern support, creating the possibility for the bullish attempt of this period. We have now approximately 13 days & 12 hours for demand to overcome supply if there is to be a chance of breaking 3900 resistance in an attempt to overtake the significant $4,000 level. In this time period, a loss of 3450 is highly unlikely.
^ **SCUSDT (BITTREX)** I find interesting to trade because of its close price/indicator parity to BTCUSDT. There exist two likely scenarios: 1) There is a retrace here to the Piercing Pattern demand area around $0.00226399 area after which the potential of a breakout of the Sine Line enables an attempt at Fibonacci levels, with a most likely price target in the $0.00285 - $0.003 zone.