Daily Market Update: BTCUSD & ETHUSD – Mar 11th, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
BTCUSD: Selling On Retracement Higher & After Price Action Signal At Or Within $91042 – $94964 Resistance Area
Comments: The recent Bullish Pin Bar Signal that had formed on Tuesday, Mar 4th has been invalidated (We did not consider trading this signal, nor did we mention it).
The Bullish Fakeout + Long-Tailed Pin Bar Signal that had formed on Friday, Feb 28th has now been invalidated (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or within the $91042 – $94964 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
ETHUSD: Selling On Retracement Higher & After Price Action Signal At Or Within $2318 – $2547 Resistance Area
Comments: Price formed a Bearish Tailed Bar Signal overnight (We are not considering trading this signal).
Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or within the $2318 – $2547 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
