Bitcoin & Cryptos Prepare for ?Bullish Rally After Reversal ?

2 min read

Dear Traders,

Bitcoin is challenging key local resistance levels. A break above resistance could spark a large bullish breakout and a new uptrend that could challenge the previous high near $20,000.

Ethereum’s retracement was shallower than Bitcoin and is therefore in a better position to show a strong bullish that could break the previous high and move towards the -27.2% Fibonacci target. The first obstacle still remains the local resistance zone. Last but not least, Ripple made a strong correction and will most likely test the support Fibs first at 1.00 – 1.15.

Check out the video for the full analysis and trade plans on 22-23 January 2018:

  • Technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,
Chris Svorcik


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