CRYPTONEWSDAILY | BTC ANALYSES WEEKLY 06.01.2021
GOOD MORNING WORLD!
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Let´s take a look on the Chart - weekly timeframe
The week 01 of 2021 started with a pullback to near 27.700$ and jumped instantly back to our previous levels. That shows us the strength of the buying-power and is a bullish Indicator for the remaining week.
Today, with the middle of the week, BTC starts with a price around 35.000$. The next Goal is the R2 Pivot level (36.548$)
Bullish Szenario:
Over this day and the next day we'll see a crossing of R2 Pivot level (36.548$) and hold the price around this level before rising again.
If we going on with the parabolic weekly increase, maybe we'll see a large green candle straight to the R3 Pivot level (46.386$).
Targets:
First - 36.548$
Second - 46.386$
Bearish Szenario:
On the other hand we could see a rejection at the level around 36K - and a fall back to end of the candle wick near 27K through the R1 Level 30.470$.
To get information about a possible reversal Signal we have to look in shorter Timeframes (like Daily, 4Hrs).
Targets:
First - 30.470$
Second - 27.700$
Third - around MA 10 - near 23K
Thanks for your attention and feel free for contacting us !
Greeting,
Team of Cryptodailynews
-------------------------------------------------
Disclaimer:
This Ideas and Analyses are just ours specific view of things- no informations are financial advices. Keep that in mind.
New start - Cryptodailynews start sharing News, Analyses and more through Tradingview.
Let´s take a look on the Chart - weekly timeframe
The week 01 of 2021 started with a pullback to near 27.700$ and jumped instantly back to our previous levels. That shows us the strength of the buying-power and is a bullish Indicator for the remaining week.
Today, with the middle of the week, BTC starts with a price around 35.000$. The next Goal is the R2 Pivot level (36.548$)
Bullish Szenario:
Over this day and the next day we'll see a crossing of R2 Pivot level (36.548$) and hold the price around this level before rising again.
If we going on with the parabolic weekly increase, maybe we'll see a large green candle straight to the R3 Pivot level (46.386$).
Targets:
First - 36.548$
Second - 46.386$
Bearish Szenario:
On the other hand we could see a rejection at the level around 36K - and a fall back to end of the candle wick near 27K through the R1 Level 30.470$.
To get information about a possible reversal Signal we have to look in shorter Timeframes (like Daily, 4Hrs).
Targets:
First - 30.470$
Second - 27.700$
Third - around MA 10 - near 23K
Thanks for your attention and feel free for contacting us !
Greeting,
Team of Cryptodailynews
-------------------------------------------------
Disclaimer:
This Ideas and Analyses are just ours specific view of things- no informations are financial advices. Keep that in mind.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.