Greetings, Traders, and a prosperous New Year to all! As we re-enter the charts, the liquidity remains low in both the crypto and forex markets. Currently, no trades have been initiated, as we are patiently waiting for weekly order blocks to signal the commencement of the new year. Additionally, we are monitoring zones for potential discounts.
This routine tends to repeat itself each year, and historically, market activity is often subdued until the end of January. Notably, we are anticipating significant news related to the Bitcoin ETF on the 10th, which could impact our trades that have been performing well since the end of last year. Presently, we have set stops below the latest bullish distribution.
In the event of positive news on the 10th, we anticipate a substantial increase in price. However, it is crucial to acknowledge the fact that we are currently situated within the monthly bearish distribution zone. We will closely observe the developments this week and provide regular updates on our charts.
Stay tuned for further updates. Thank you, and happy trading!
This routine tends to repeat itself each year, and historically, market activity is often subdued until the end of January. Notably, we are anticipating significant news related to the Bitcoin ETF on the 10th, which could impact our trades that have been performing well since the end of last year. Presently, we have set stops below the latest bullish distribution.
In the event of positive news on the 10th, we anticipate a substantial increase in price. However, it is crucial to acknowledge the fact that we are currently situated within the monthly bearish distribution zone. We will closely observe the developments this week and provide regular updates on our charts.
Stay tuned for further updates. Thank you, and happy trading!
Daniel P. Fadejev
