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My Trading Journal #10 (2024–01–05)
Disclaimer: The information provided is for educational purposes only and is not intended as financial advice or as a recommendation for any specific investment or trading strategy. Markets can be volatile and investing in them involves a risk of loss. Always do your own research and consider seeking advice from a financial professional before making any investment decisions. Remember, past performance is not indicative of future results.
How are the Cryptocurrencies Markets Today?
Today, it’s a green day and the main assets are recovering after the dump.
I have expanded my typical list of main coins to include the ranking of the first 20 cryptocurrencies ordered by market cap.
No changes here.
Greed and Fear Index is 70, 3 more points compared with yesterday value:
Volume level is very high compared with the rest of the year:
As we have suffered a lot of panic and FOMO these days, I prefer to wait for a confirmation to think about the near in future in my positions.
My Technical Analysis
Bitcoin
We are still in the same range between a resistance at 45,000 USDT and a support at 42,000 USDT.
The 1D candle look bullish and the price is above the 50-SMA so I am still bullish. We need a confirmation breaking those levels to think about new positions.
Ethereum
Ethereum is highly correlated and we have a similar scenario here. We need to wait here…
