BITCOIN [$BTC] 22 JANUARY 2021
BTCUSDPivot Point: (65 Weekly EMA) $14296.43
The long-term trend is considered up when BTC/USD is above the 65 Weekly EMA
Our view: Long positions above (65 Weekly EMA) $14296.43
Comment: BTC/USD remains Bullish above the $14296.43 level—Buy on a pullback into the value zone (area between the 13 & 26 Weekly EMA)
Stop-loss: (26 Weekly EMA) $20147.87
Alternative scenario: Below $14296.43 BTC/USD becomes Bearish, expect further downside to lower levels
Trading Methodology: Triple Screen Trading System by Dr. Alexander Elder (Pullback Trading Strategy)
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