Market Update: BTCUSD & ETHUSD – Mar 22nd, 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: Buying On Breakout Of Inside Bar Pattern
Comments: Price formed an Inside Bar Pattern on Tuesday, Mar 21st.
Price moved higher from the prior Inside Bar Pattern that had formed on Thursday, Mar 16th (We did not consider trading this pattern, nor did we mention it a the time it formed).
Potential Trade Signal 1: For more advanced traders, we are looking to buy on a breakout of the current Inside Bar Pattern, with stops below the low of the Mother Bar (Buy Stop: 28480).
Potential Trade Signal 2: We are looking to buy on a pullback to the $24270 – $25251 short-term support area, and after a price action buy setup/signal.
To join our Premium Discord & Facebook Group, and have access to daily live streams, CLICK HERE
ETHEREUM – ETHUSD: Buying On Breakout Of Bullish Multi-Bar Fakeout Setup
Comments: Price formed a Potential Bullish Multi-Bar Fakeout Setup on Tuesday, Mar 21st (This Potential Bullish Fakeout will only trigger if price breaks out above the high of the Mother Bar(Saturday, Mar 18th Candle).
Price moved briefly lower from the recent Bearish Pin Bar + Inside Bar (Combination Setup) that had formed on Sunday, Mar 19th (We did not consider trading this setup).
Price moved higher from the Inside Bar Pattern that had formed on Thursday, Mar 16th (We did not consider trading this pattern, nor did we mention it at the time it formed).
Potential Trade Signal: We are looking to buy on a breakout above the current Potential Bullish Multi-Bar Fakeout Setup that had formed on Tuesday, Mar 21st (Buy Stop: 1850 – Stop: 1700).
To join our Premium Discord & Facebook Group, and have access to daily live streams, CLICK HERE
We will love to hear your Feedback!
To get access to our Premium Discord & Facebook Groups and get daily updates on 20+ markets – CLICK HERE
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.
