Currently: Long Looking to: Sell @ 42,776
As of 1/17/21 @ 5:30pm EST: 36,504.33
LAST WEEK: We suggested buying dips in BTCUSD to 32,895 with a target for taking profits up at 41,400.
UPDATE: Bitcoin dipped early last week and triggered new long positions when it tested 32,895 (and lower). If BTCUSD can manage to close above 37,948, it will be off to the races again. If it closes below 33,850, we will look for a test of either 30,298 or 27,963. We would buy near 33,850 with stops on a close below that level and with a target of 42,776. If stopped, try longs again at 30,298 and/or 27,963 with stops on closes below 30,000 and 27,000, respectively, and with the same 42,776 target.