Market Update: BTCUSD & ETHUSD – Mar 16th, 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: Price Briefly Moved Lower From Bearish Long-Tailed Pin Bar Setup

Comments: Price briefly moved lower from the Bearish Long-Tailed Pin Bar Setup that had formed just below the $25251 key resistance level on Tuesday, Mar 14th (We suggested trading this signal in our Premium Trading & Learning Group on Wednesday, Mar 15th).

Potential Trade Signal: We are looking to sell on a retracement higher into the range of the most recent Bearish Long-Tailed Pin Bar Setup that had formed on Tuesday, Mar 14th, with stops well above the high of this signal.

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ETHEREUM – ETHUSD: Price Briefly Moved Lower From Bearish Long-Tailed Pin Bar Setup

Comments: Price briefly moved lower from the Bearish Long-Tailed Pin Bar Setup that had formed just below the $1743 – $1790 short-term resistance area on Tuesday, Mar 14th (We suggested trading this signal in our Premium Trading & Learning Group on Wednesday, Mar 15th).

Potential Trade Signal: We are looking to sell on a retracement higher into the range of the most recent Bearish Long-Tailed Pin Bar Setup that had formed on Tuesday, Mar 14th, with stops well above the high of this 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.