stikytrading

stikytrading

DOT is at the 83.5% level. If the rest of the market continues to go down, then DOT may see $15. Still not ready to jump in. I would wait for a breakout and retest of the top of this 78.6% zone before it's interesting.

stikytrading

ETH broke all structure to the left and only has support at around $1800.

stikytrading

BTC made it to the 34k level I discussed on Thursday's session. I have placed in green what I think BTC will do over the next few days. We are making newer long term lows. We are at the same price we were a year ago.This is a very strong bullish pattern though. A huge W on the Daily.

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ADA is nearly at the 100% retracement. Lately I don't have any confidence that price is ready to move up yet. This entire market is still interested in making lower lows. The last time price was at this level was July of last year.

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SOL in the middle of the 78.6% zone but this may be a retest of the selling area and might just come down after that retest. If we get a break out of the zone and a bullish retest, then we may have something.

stikytrading

DOT seems to be showing strength from that $23.91 level. A small retracement this week but otherwise upward momentum. Currently entering the 50-61/8% zone. If you want to watch this crypto and see if it bounces off that level again it may be a good short-term idea.

stikytrading

ETH is a little sideways right now. Not a good candidate for exchange trading but we did get a good break out of the zone, a retest and we are moving out of that area now. I am using the candles in this one so you can see the retest. Smaller moves over the last few days may be a sign of weakness but overall ETH looks good.

stikytrading

BTC is below the 88.6% level but is oversold. Let's see what next week brings. Right now I would not do anything with BTC. Sounds familiar? Yeah, BTC didn't make any change this week. Dipped to a low around 40k on some exchanges. Seems to be coming out of the oversold area but below all but the 9EMA and nearing the top of the channel again.

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ADA is near the top of the 78.6% level but bounced off the 50EMA. We did not get a new low and as the market settles out we may finally be in a slow uptrend. I still want a breakout and retest of the zone before I would look for an entry.

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SOL is flirting with the bottom of the 88.6% level. Great place to find an entry but I am not convinced price is moving up. Check it through the week. This is a strong project and once things turn around, this will be back in play.

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ETH actually looks like it's in a good spot to enter. Bouncing off the 83.5% level which is a perfect entry from the 78.6-88.6% zone usually. But not sure for our goals if this will give us enough short-term gains to make it a good trade idea.

stikytrading

DOT has bounced off what appears to be a strong level at $24 twice in the past few weeks and three times since August. That may be a floor for DOT. Still not sure how soon we will get a gain out of it though. Still waiting for the market to change overall.

stikytrading

BTC is ready to make a new lower low on the Daily so I would stay away for now.

stikytrading

The second week of January and still waiting for the crypto markets to move back up. Near the bottom of the current move so we may see a new lower low on the daily. Watch closely but not ready yet.

stikytrading

Last week we were looking for a retracement and bounce off the top of the 50% zone. We got the retracement but not the bounce. Price has stopped at the current level and is bouncing off the bottom of the 61.8% zone. I am showing the H1 timeframe so you can see the 200EMA. Since price is below all the EMAs I am still expecting price to come down more.

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ETH was really stable during this market correction all the other coins had. That is, until last week. The huge drop into the 50% zone looks ominous. Also, ETH Dominance has been falling. We can wait and see if the 200EMA (Red Line) is a floor for ETH or if $3600 was the new low. Still not interested in dancing with ETH yet.

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Last week we were looking for price to break above the 50EMA which it didn't. Currently back in the middle of the 50% zone so really not a decent sign of price going back up. The price is still a good price for DOT but the issue with getting in now is that your capital may be tied up for longer than you want in order to get your % gains.

stikytrading

Last Week's Analysis is still valid. BTC FINALLY made a move to the upside. Then got stuck again. So I am waiting until about 53k before I do anything with Bitcoin. And for exchange trading, this is really not my favorite crypto to use. We are back at the top of the 78.6% zone and you can see it has been a very strong point of resistance. But I am still waiting...