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Bitcoin Daily Trading - Technical Analysis BTC/USDT - 15 Jan 2020

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15 Jan 2020 - Daily Technical analysis for BTC/USD 

15 Jan 2020 - Technical analysis for BTC/USD today:

BTC/USD has reached a new high today, reaching 8900

The highest from mid-November to 2019, for the last 2 months.

Price surpasses 7900 and breaks out of the accumulated sideways zone.

BTC/USD broke the previous high at 8450 to continue the uptrend.

15 Jan 2020 - Daily Technical analysis for BTC/USD 

15 Jan 2020 - Technical analysis for BTC/USD today:

 

 

BTC/USD has reached a new high today, reaching 8900

The highest from mid-November to 2019, for the last 2 months.

Price surpasses 7900 and breaks out of the accumulated sideways zone.

BTC/USD broke the previous high at 8450 to continue the uptrend.

The chart structure of BTC/USD consists of upward sloping peaks and bottoms, UPTREND.

The bullish channel has formed.

A series of continuous rising candles is quite long, the momentum is quite good.

The volume below increases with the increasing wavy, good momentum

A candle has a long lower shadow and a very high volume, seller << buyer, confirming more signals for an increase.

UPTREND is quite clear.

STRATEGY today, is to buy low from the bottom

Buy when BTC/USD retested the old resistance level

 

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