tommy6688
Long

BTCUSDT, Daily Technical Analysis. Monday, 30 Jan 2020,

BINANCE:BTCUSDT   Bitcoin / TetherUS
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BTCUSDT , Daily Technical Analysis . Monday, 30 Jan 2020,

PRICE TREND
The uptrend is still dominant
BTCUSDT is currently blocked by an old resistance 9500.

VOLUME
Reduced, wait for correction to 8800-9100 last support area or pump to 9800 (last resistance)

SUPPORT
During strong up trending, the EMA13-EMA26 is a good support area
MACD and RSI show a sign of correction or retest

CONSIDER
The recent strong trending period without deep correction may lead to correction for BTCUSDT
Especially when BTCUSDT approaches the very strong area of 9.500 – 10.000.

Trading strategy today is waiting to buy from below in the retest areas 8.800 – 9.100

Comments

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