Thread: Weekly trading signals for major cryptos - JANUARY 14TH

Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)
BTC/USD

[IMG]file:///C:/Users/user/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif[/IMG]
Dominant trend: Ranging

Supply zone: $6000, $7000, $8000
Demand zone: $2000, $1500, $1000

BTC/USD remains in a range-bound market in the long-term outlook. After a push to $4218 in the supply area, the bulls lost momentum and a gradual drop in price happened until the 10th January when the bears’ takeover of the range was confirmed with a large bearish engulfing candle. BTC/USD dropped to $3686 in the supply area.

Momentum to the downside is strong as confirmed by the stochastic oscillator signal pointing down at 12% in the oversold region. BTC/USD is already down at $3850 in the demand area in the first day of the trading week as the journey toward the lower price continues.

BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

ETH/USD

[IMG]file:///C:/Users/user/AppData/Local/Temp/msohtmlclip1/01/clip_image002.gif[/IMG]
Dominant trend: Bearish

Supply zones: $250, $300, $350
Demand zones: $50, $30, $10

Several wicks of the daily candle at the $165.00 area confirmed it as a key supply area. The wicks signal to rejection for upward price movement and bullish exhaustion with the bears making an inroad to the market.

Confirmation to the bears’ full takeover of the market came with a large bearish engulfing candle on 10th January.

ETH/USD was down to $125.71 in the demand area with a break of the two EMAs. The journey to the low attained on 14th December at $83.00 in the demand area, may have started because the week opened bearish with the Ethereum already down to $117.07.


For more signals: https://www.cryptocomparer.com/news/...r-january-8th/

Prospective forex trader does not always have all the right information before making the decision to commit to this interesting but also challenging industry. If you are serious to start forex trading, then you should prepare yourself with proper knowledge and right broker such as Bprimes. But because, forex is not for everyone, knowing what you are getting yourself into may cause you to reconsider or you may feel more confident about your decision.