Weekly review of the cryptocurrency market from Katerina Gussardi on January 25

In the current realities, BTC is entitled to several scenarios that need to be considered.

BTC came into the daily MB zone, from which we should see the first pullback. The price from this zone can go to update the loy, this must be taken into account when trading.

That is, now you can try to work from short to the first FTA zone of $20400-21600, if we do not hold it, then BTC will close the weekly IMB at least by 0.5 Fibonacci – $18815.

We should also not forget about the possible formation of a lateral movement from the older one, in which case the price will attack $25,200.

In general, the situation has not changed globally, it is important to see the intensity of the rollback, the more impulsive we go down, the more likely it is that we will update the loy, if the movement has a corrective character, then we may continue to grow.

As for the local situation, the price is moving sideways, which is very logical after such an impulse.

You can work from it, taking into account OB 10m from below, for a full downward movement, this is the FTA zone – $ 22200-22350, you can also not ignore the not closed IMB at 10H, to continue moving up, I would like to close it.

Bitcoin dominance has reached MB, I don’t think this is the limit, I’m waiting for another wave of growth that will nail altcoins, so we also focus on it when opening positions on altcoins. With a rollback, they will grow much more confidently. Now a rollback is quite possible.

What about altcoins?

EGLD looks interesting, it drew a deviation on the older one, returned to the flat, for futures trading it can be considered in growth up to $64.7. especially if bitcoin is either sideways with falling dominance or continues to rise. Cancellation of the scenario when draining bitcoin, because we did not see a break and went down from the sales zone, which could provoke an update of the loy.

I also continue to work with DASH intraday, based on the fact that the asset is in the sideways.

All profitable trading.