Technical levels to watch 18k - 19k
In light of the current economic situation, my overall bias is bearish on bitcoin, and I'm willing to look for selling opportunities if we pull back toward the 19k level, where confluence is present as channel resistance and horizontal resistance.
BITCOIN - 4 HOUR
Technical levels to watch 16950
It may be possible to counter trade the trend if we break and close above 16950. This would give me the opportunity to buy into 18k short term. Long term, I am still bearish on this instrument, with shorts my priority.
ETHEREUM - DAILY
Technical levels to watch 1420
Similarly to Bitcoin, I remain bearish on this instrument. The key level I am watching for shorts is 1420. Any rally into that area will likely cause me to fade the instrument.
ETHEREUM 4 HOUR
Technical levels to watch 1233
As we enter the new year, we may be able to play a long up to 1420 if we get some strength from the start of a new yearly candle. I'd like to see a break and hold above resistance at 1233 in order to get on board a short-term long.
BNB - DAILY
Technical levels to watch 336 range high & 218.8 range low
BNB seems to be in this larger range bound environment with price currently testing the lower bounds of the range. My preference for BNB is to wait for price to hit 336 and sell. It may be possible to play the range up again if we sweep 218.8 and reject.
CARDANO - DAILY
Technical levels to watch 0.30
On the daily timeframe ADA is trading south in a bearish channel, I am more than happy to hold off until we get a retest of 0.30 and then look to get in line with the overall trend again.
MATIC - DAILY
Technical levels to watch 0.70
Currently sitting on support so the next chance to sell should come in the form of a break and retest if we get it. If price bounces from here then I am simply hands off, its all about letting the trade come to you and if it doesn't then scrap the trade idea.