Alleyz Bitcoin Analysis[24.1.08 Mon. UTC 10:17]

BTCUSD

Main Point Trading Method -

* Dow Theory
* Average True Range
* MACD
* Stoch RSI
* Bollinger Bands
* Stock to Flow Model


Main View -

Well, Last My view was 2 Types

Strategy 1 -> if it breaks out to 50K, it was Trap for Mint Channel
Strategy 2 -> Re-entering of Sideways

As a Result , Strategy 2 was right for last week.
This week we have Bitcoin ETF issues on America, if SEC approves ETF,
2024 will be New Trend of Asset Market!!

i don't know about prices of bitcoin where to go
we can make Strategies, also 2 types


Strategy 1
As what we think last week, returning to mint channel
breakout of under mint channel is main point of view
so far 44k is resistance level but if it happens, sustain level 44k
This is great scenario of Profit/Loss Ratio

Main Macro FIbo level - Start From 2023.1
1 - 42k
1.618 - 51.6k

Profit/Loss Ratio
Profit - 15% , Loss - 2%


Strategy 2
Breaking down of sideways
sustaining of 40k breakdown is main point of This view

Main Micro Fibo level
0.236 - 40.9k
0.382 - 38.2k

Profit - 5% , Loss - 1%

See What happens on this week
Good Luck!