Greenfield Price Forecast for Bitcoin / U.S. Dollar on 1/14/21
A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, continued to trade in the channel as of January 14, 2021. I continue to believe this security will retest the previous high and may make a new high. However, if the price fails to continue in that two parallel channel lines as I mentioned before then we are looking at Bitcoin / U.S. Dollar in the updated red zone that I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
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Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Bitcoin / U.S. Dollar, with the symbol BTCUSD, continued to trade in the channel as of January 14, 2021. I continue to believe this security will retest the previous high and may make a new high. However, if the price fails to continue in that two parallel channel lines as I mentioned before then we are looking at Bitcoin / U.S. Dollar in the updated red zone that I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Trade closed: stop reached
Comment:
Trade was aborted this morning when the security failed to stay in the trendline. The price continued to fall after the trade was aborted about 3 hours ago.
