tradinggrey

BTCUSDT Analysis January 21, 2023

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
We've become Bullish on Bitcoin, BTCUSDT since mid January, 2023. Staying above the Daily Downtrend Line, moving past those dashed 3HR Resistance Lines, and then the ($19,620) Line/Area becoming Support...very excellent technical news!

We had a Bull Flag formation that we are moving up and out of and trying to have the Weekly Downtrend Line surpassed. Let's see what happens over the weekend, ($22,000) is a very strong psychological area.

BTC is down around 80% since the ATH, down 62% since the ($40,700) Support Area, and 25% since the news in November regarding the scum bags. Bitcoin and the Blockchain technology is way too powerful though, we are up over 26% in just a few weeks!

Not Financial Advice...Trade with Confidence and Control.

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Not Financial Advice...Trade with Confidence and Control.
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