💎₿TC: January 2021 Monthly Candle Closed, Analysis Below 👇👇👇
Hello Dear Traders,
Today BTC closed its monthly candle. after 9 months of bull run finally we can see strong evidence of bears on monthly candle.
In January btc made high of 41950$ and Low of 28130$, u can see tht there is long candle wick upside, it means bulls moved price to 41950$ but immediately bears took the control of btc and pushed down a price of btc, closed near opening price of month. after long time bears showed courage to short BTC with heavy volume.
i m expecting Feb-Mar will be month of healthy correction in BTC. from here btc might test again 37-38k area bt again bears will took the control bcoz BTC is slightly looking in bears hand.
Also DXY monthly candle closed strong bullish so there is no scope for bullishness in currency traded against USD pairs. in upcoming Months EUR,JPY,GBP,AUD will become weak and USD will get more n more strength. BTC will have also impact of DXY bullishness.
I will be looking for SHORT opportunities on Every rise of BTC, until i see DXY is becoming weaker on weekly and monthly timeframe.
Today BTC closed its monthly candle. after 9 months of bull run finally we can see strong evidence of bears on monthly candle.
In January btc made high of 41950$ and Low of 28130$, u can see tht there is long candle wick upside, it means bulls moved price to 41950$ but immediately bears took the control of btc and pushed down a price of btc, closed near opening price of month. after long time bears showed courage to short BTC with heavy volume.
i m expecting Feb-Mar will be month of healthy correction in BTC. from here btc might test again 37-38k area bt again bears will took the control bcoz BTC is slightly looking in bears hand.
Also DXY monthly candle closed strong bullish so there is no scope for bullishness in currency traded against USD pairs. in upcoming Months EUR,JPY,GBP,AUD will become weak and USD will get more n more strength. BTC will have also impact of DXY bullishness.
I will be looking for SHORT opportunities on Every rise of BTC, until i see DXY is becoming weaker on weekly and monthly timeframe.
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