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My Trading Journal #8 (2024–01–03)
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.
Hello!
Let’s check how are the markets:
Fear & Greed index is 74. Just 1 point bigger than yesterday.
Today, there are more red than green assets but the pullbacks are not very big (for crypto standards).
The first 15 cryptocurrencies are:
Volume is growing:
The Bitcoin dominance is not changing a lot, a 49.95%.
Technical Analysis
Bitcoin Technical Analysis
I have painted an uptrend channel. The next goal or resistance to break is 46,000 USDT.
If you are thinking to trade, my recommendation is to be very careful because the movement of the coming days can be very aggresive.
Ethereum Technical Analysis
The next Ethereum resistance is 2,450 USDT. This resistance has not been broken yet.
I’ll wait a bit to see how the price is moving in the future and check the pullbacks.
Support is 2,100 USDT and we could paint more supports in 2,250 USDT and 2,000 USDT.
