Ualifi Araújo
--
Bullish
Analysis $BTC 01/24/2025
#BTC, it looks different this time...see that the $103,300 region served as a good support and made us rise again above $105k which was CRUCIAL to recover today as I said in the last analysis yesterday.
This is where I am interested again, see that we are above the gray band on the chart where WE SHOULD HAVE A SUCCESSFUL RETEST, notice that we are always failing this retest and until we have this we will continue to go to $101K which is very dangerous.
It seems to me that closing above this gray region on the chart is very easy today, so I am particularly interested in the first 4 hours of the new daily Candle to evaluate the next movement since we will be at the weekend and nothing is very reliable.
Again the 50 EMA (4H) saved us here, so I expect the price to start working closer to $108K to give room for the 200 EMA to reach $101,300 which will give us a good advantage against the BIG Bears at $110K.
Above the gray band is good, and we don't need to worry too much, so relax a bit and go enjoy the WEEKEND.
FOLLOW THE PLAN!
Send it, $114K!
#BTC, it looks different this time...see that the $103,300 region served as a good support and made us rise again above $105k which was CRUCIAL to recover today as I said in the last analysis yesterday.
This is where I am interested again, see that we are above the gray band on the chart where WE SHOULD HAVE A SUCCESSFUL RETEST, notice that we are always failing this retest and until we have this we will continue to go to $101K which is very dangerous.
It seems to me that closing above this gray region on the chart is very easy today, so I am particularly interested in the first 4 hours of the new daily Candle to evaluate the next movement since we will be at the weekend and nothing is very reliable.
Again the 50 EMA (4H) saved us here, so I expect the price to start working closer to $108K to give room for the 200 EMA to reach $101,300 which will give us a good advantage against the BIG Bears at $110K.
Above the gray band is good, and we don't need to worry too much, so relax a bit and go enjoy the WEEKEND.
FOLLOW THE PLAN!
Send it, $114K!
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