Market Update: BTCUSD & ETHUSD – Jan 18th, 2023

NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.

BITCOIN – BTCUSD: Looking To Sell AT Or Within $21491 – $22808 Resistance Area

Comments: Price moved briefly higher from the Inside Bar Pattern, before reversing back down, that had formed on Sunday, Jan 15th.

The market is now trading (As of this writing) just below the $21491 – $22808 short-term resistance area.

Price broke out above the $18154 – $18398 prior short-term resistance area, which now acts as a short-term support area.

Potential Trade Signal: We are looking to sell at or within the $21491 – $22808 resistance zone, and after a clear Bearish Setup or Signal.

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ETHEREUM – ETHUSD: Looking To Sell AT Or Within $1677 – $1790 Resistance Area

Comments: Price moved briefly higher from the Inside Bar Pattern, before reversing back down, that had formed on Sunday, Jan 15th.

Price broke out above the $1351 prior short-term resistance level, which now acts as a short-term support level.

Potential Trade Signal: We are looking to sell at or within the $1677 – $1790 resistance zone, and after a clear Bearish Setup or Signal.

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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.