Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Jan 19, 2021
Technical Analysis and Outlook
With the completed Inner Coin Rally of $49,955 on Jan. 8th, and with the TARC conformation (Proprietary symbol not shown), Bitcoin is heading lower to its first destination Outer Coin Dip $27,460. The significant Mean Sup $26,810 offers an immediate buying opportunity, while the next Ultimate Buy zone lies at $22,720. The leading destination to the upside is marked at Mean Res $36,470 - See 'Weekly Market Review & Analysis For January 19, 2020, page to continue the rest story.
With the completed Inner Coin Rally of $49,955 on Jan. 8th, and with the TARC conformation (Proprietary symbol not shown), Bitcoin is heading lower to its first destination Outer Coin Dip $27,460. The significant Mean Sup $26,810 offers an immediate buying opportunity, while the next Ultimate Buy zone lies at $22,720. The leading destination to the upside is marked at Mean Res $36,470 - See 'Weekly Market Review & Analysis For January 19, 2020, page to continue the rest story.