BTCUSD
As we know BTC has been on a clear SELL for the last 3 MONTHS. Reaching ALL TIME HIGH of $67,000, and now has came down low of 34,000. Tomorrow Sunday, JAN, 30TH. BTC will open another weekly candle, which will carry on into a new MONTHLY candle on FEB 1st. As mentioned, this will be the third MONTHLY candle to finish BEARISH. Along my trading journey, Ive learned a technique called a 3 Candle Sequence.. Where market follows the same movement direction then comes to a reversal of the current downtrend in a market movement at the ending of the candle. BTC still has a chance repeating the last time we were in this price area. Go to Resistance of 40-42,000k and reject back down to 30k. But lets keep hopes high and hope we can get a MONTHLY candle to finish above MONTHLY level of 35k.
Also, BTC is trying to release another ETF. OCT 2021, Btc was projected highly favored to be approved for an ETF and market price made its way to an all time high of 67,000k. With Still no approval after many tries. DEADLINE MARCH 19th. 2022 will be the first year that Major Banks, Brokerage Firms, and ETC.. Get to put their opinions in on the Decisions of the new BTC ETF. So in my opinion as always, i have HIGH HOPES for BTC in 2022! Invest Safely & Wish you all the best.