BTC/USD - weekly Analytics + Altcoins 24.01.2022
At the current stage, the best position is to be out of position. At the moment we can distinguish two main scenarios for further movements in bitcoin:
1. The continuation of the decrease in quotations and the breakdown of the local minimum around $30,000, after which we can start looking for an entry point to buy.
2) Impulse building and rebound to the area of $40,000 and only after the correction selecting an entry point to buy.
In general we think that the correction started as far back as April 2021 and it is close to its end, the only question is to determine the successful entry point.
1. The continuation of the decrease in quotations and the breakdown of the local minimum around $30,000, after which we can start looking for an entry point to buy.
2) Impulse building and rebound to the area of $40,000 and only after the correction selecting an entry point to buy.
In general we think that the correction started as far back as April 2021 and it is close to its end, the only question is to determine the successful entry point.
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