Slow and steady: The month ahead.

2022年1月3日

Clean chart for the new year. My posts generally address short-term trading. I will start off the new year with the greater picture on the Daily. Zooming out at the month ahead, the RSI is currently at 44 so you can see on the MACD that any crazy sell-off was limited (circled in red). The green circle is what I expect the chart to look like in the week(s) ahead, nothing parabolic...just steady growth. Moving up on the chart, the Stoch RSI is bottoming out, ready for another move upward (purple). Mana has been resting under and testing the 20day over the past few days, more volume is needed. Currently on track in an ascending channel within a greater ascending channel. The blue squiggly line is a potentially slowish and steady path forward. There is strong support around $3.14 should BTC continue to drift lower. As much as I like big bounces, I am enjoying the current predictability. On an even bigger picture, I don't see anything crazy to the upside until March/April. That being said, there will be plenty of 5%-55% bounces and dips to trade before any ATH. These are just what I am seeing and not financial advice. Good luck and do your own research.