Market update: BTC January 7th, 2022

BTC bull, daily, update

In this new category of articles you will find quick and brief market updates for selected digital currencies in case there is an interesting movement on the market.

BTC / USD

A very quick update that I’m sure you’re all waiting for. We have arrived at our main shopping box and a massive support. The vast majority of the coin is already in a bullish divergence and a bounce is now more than likely. A pin bar combined with an engulfing candle would now be the ideal option. The technical “bottom is in”. Could it be another fake out? Yes, but when the SL is set correctly the risk is very low. On the way up to around 45k there is the first more massive resistance. We can already slow down significantly at 44k where we will wait to see what the reaction of the market is. We will not follow any fundamentals or news now. Technical analysis is the key now!

TA BTC

Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.

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