BTC Scenarios for January '19

BINANCE:BTCUSDT   Bitcoin / TetherUS
Today's BTC drop move is very welcomed from a technical perspective because it adds some clarity to the picture.
I have activated a couple of Daily scenarios to be monitored.
  • First one (orange arrows) would give us some bullish market structure drawing a bottom at around 3400 (Binance).
  • The second one (teal arrows) assumes a deeper correction back to 2800 area, and start drawing market structure from that point.
I am not (yet) focusing into sub-2000 levels, since that belongs to Weekly based scenarios and would be a consequence of the failure of 2800 area.
I am committed to developing indicators that meet the requirements of professional traders. Hope you find it useful.

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