BITCOIN analysis 19/01/2023

– BTC reversed as predicted and closed the D1 candlestick at 20660.

– Although D1 has reversed to close the bearish candlestick when touching the important resistance zone, it is observed that the H4 BTC timeframe has not completely exited the sideway => Although the short-term downtrend continues to be quite high, we should wait for one more D1 bearish candlestick today to increase the correct ratio.

– Today, BTC will rebound to around 20800 as the highest. Here selling will appear to push BTC to around 20500, this area will have 1 small bumper if it crosses the target towards 20000.

Command reference:

Sell 20800

SL 21000

TP: 20500

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