Market Update: BTCUSD & LTCUSD – Dec 29th, 2022
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 Around $18154 – $18663 Resistance Area
Comments: The market sold off significantly from the recent Bearish long-Tailed Candle formation (Also known as Bearish Pin Bar Setup), that had formed right below the $18154 – $18663 Resistance Area on Wednesday, Dec 14th.
The market is now trading just above the $15514 – $16012 short-term support area.
Potential Trade Signal: We are waiting to sell on a pullback to the $18154 – $18663 resistance zone, and after a Bearish Setup or Signal.
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LITECOIN – LTCUSD: Looking To Sell At Or Around $73.36 Resistance Level
Comments: The market sold off significantly from the recent Inside Bar Pattern that had formed right below the $79.84 – $83.76 short-term resistance area on Wednesday, Dec 14th.
There is a short-term resistance level at $73.36.
Potential Trade Signal: We are waiting to sell on a pullback to the $73.36 resistance level, and after a 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.
