This week Bitcoin has moved in a range with a high of 38920 and a low of 32917. We are always below the moving average at 50 and 200 with the crossing made on January 14 and highlighted in a previous article. What should you expect? It is becoming increasingly clear that BTC is not behaving as an anti-inflationary asset but increasingly related to the financial markets. I don't know if we have reached a minimum but at these levels it is good for holders to set orders in steps to accumulate in DCA or use a trading bot like those of Kucoin. If we do not exceed area 42500 the trend remains negative. Maintain liquidity and trade intraday to take advantage of any breakout movements. In this regard, as always, I report today's levels:
For the interpretation of the levels and the construction of the excel sheet, you can consult my book which is in Italian but easily translatable: https://www.amazon.it/dp/B09QRXJCDQ
Log in to Publish0x:
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHER ADVICE.
Graphic: tradingview.com