BITCOIN analysis 09/01/2023

  • BTC ended the first week of 2023 with a beautiful bullish W1 Engulfing candlestick closing at 17150. Although currently BTC has not closed beyond the rectangular frame that Blackman drew earlier this month (you swear to review the post 03/01), this is also a pretty good signal of recovery when it has touched the 16k Demand Zone below.
  • This week we will wait for BTC to test again around 17000, then BTC will rise to 17800- Here there is a hard resistance zone appearing in the D1 timeframe, we will see what signals BTC will give when coming here to have the next direction.

Command reference:

Buy 17000
SL 16500
TP 17700


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