BITCOIN [$BTC] 22 JANUARY 2021

BTCUSD

Pivot Point: (65 Weekly EMA) $14296.43

The long-term trend is considered up when BTC/USD is above the 65 Weekly EMA

Our view: Long positions above (65 Weekly EMA) $14296.43 

Comment: BTC/USD remains Bullish above the $14296.43 level—Buy on a pullback into the value zone (area between the 13 & 26 Weekly EMA)

Stop-loss: (26 Weekly EMA) $20147.87

Alternative scenario: Below $14296.43 BTC/USD becomes Bearish, expect further downside to lower levels  

Trading Methodology: Triple Screen Trading System by Dr. Alexander Elder (Pullback Trading Strategy)