MARKET ANALYSIS & CURRENT DEVELOPMENTS:

  • As the first week of the new year commenced, BTC just marked its new ALL TIME HIGH of $41,970 on Coinbase.  
  • Stock to Flow author who created the S2F price model is confident that BTC could cross $100K – $288K by the end of 2021.  
  • South Korean government to start taxing crypto trading profits in 2022  
  • Finland customs seized a total of 1,981 Bitcoin in 2016 which was in connection with drug trafficking and has revealed plans to sell it.
  • South Korean gaming giant planning to Buy Crypto Exchange Bithumb for $460 Million
  • Regulated ETP’s in the Bitcoin space has Skyrocketed seeing unprecedented interest from institutional investors in the European Markets.
  • JP Morgan predicts $146K Bitcoin Price as competition with gold escalates.      
  • In a recent interview Naci Agbal, Head of Turkish Treasury, has proposed that in the year 2021 turkey will pilot digital currency.
  • Crypto Regulation Commences in Serbia: Trading Mining Legalized
  • Grayscale CEO Says Crypto interest is rising from pension & endowment funds. This will continue to aid in rising prices of BTC
  • Major South Korean Bank Shinhan is Set to offer Crypto Custody – Related Service commencing from 2022.

Historical Performance and What to Trade for this Week!!

1. BTC Weekly Trade Ideas (Historical Performance Check & Projections)

Support at $24,00 And Resistance at $25,000 (Historical predicted on 28th December)

How It went – BTC Weekly Trade Ideas (Historical Prediction) – Breakout caught by our AI based Indicator with an Upside of 70% in 2 weeks !!!!!

Trade for the Future: 9th Jan to 23rd Jan 2021

  • Support at $37,000- If this level is broken with large volumes then SELL from $37,000 with a potential 20% profit till the level of $30,400-$31,200.
  • If the Levels of $37,000 is held, then BUY at $37,000 with a potential upside till $46,800 producing an approx. 15% gain.
  • If the resistance at $41,600 is broken with large volume then BUY and have take-profit at levels of $48,900- potential profit of 20%.
  • If the resistance is not broken then SELL at $41,600 and hold till $31,400 for a potential 20% profit.

 

Key conditions to look at:

  • The support and resistance levels should be broken with large volumes (Keep Volume Indicator active)
  • The 1 Hour Candle should close below the Support or above the resistance to give confirmation that the level has been broken.
  • Use a minimum 1-Hour chart to make a trade and analyse the movement.

2. ETH Weekly Trade Ideas (Historical Performance Check & Projections)

Support at $540 And Resistance at $580 (Historical predicted on 28th December)

How It went – ETH Weekly Trade Ideas (Historical Prediction) – Breakout caught by our AI base Indicator with an Upside of 100% in 2 weeks !!!

Trade for the Future: 9th Jan to 23rd Jan 2021   

  • Support at $1120- If this level is broken with large volumes then SELL from $1120 with a potential 12% profit till the level of $950-990.
  • If the Levels of $1120 is held, then BUY at $1120 with a potential upside to $1400 producing an approx. 30% gain.
  • If the resistance at $1280 is broken with large volume then BUY and have a take profit at levels of $1400-$1500 potential profit of 20%.
  • If the resistance is not broken then SELL at $1280 and hold till $900 for a potential 20% profit.

 

Key conditions to look at:

  • The support and resistance levels should be broken with large volumes (Keep volume indicator active).
  • The 1 Hour Candle should close below the Support or above the Resistance to give confirmation that the level has been broken.
  • Use a minimum 1-Hour chart to make a trade and analyse the movement.

3. S&P 500 Weekly Trade Ideas (Historical Performance Check & Projections)

Resistance at $3,625 And Support at $3,500 (Historical predicted on 30th November)

How it Performed – Breakout Finally Caught 5-7% Gain in 2 weeks !!!

Trade for the Future: 9th Jan to 23rd Jan 2021 – The asset finally gave a breakout after 5 weeks of consolidation Support at 3,750 and Resistance at 3,824.

  • If the resistance at $3,824 is broken with large volume then BUY and have take-profit position at levels of $3,940- potential profit of 2%-3%.
  • If the Levels of $3,824 is not broken then SELL at $3,824 with a potential upside to $3,680 making it approx. 3-4% gain.
  • If the Support at $3,750 is broken then size up the SELL position even more until the index consolidates at $3,680-$3650 making it a potential 3-4% gain from the short at $3,750.

Key conditions to look at:

  • The support and resistance levels should be broken with large volumes (Keep volume indicator active).
  • The 1 Hour Candle should close below the Support or above the Resistance to give confirmation that the level has been broken.
  • Use a minimum 1-Hour chart to make a trade and analyze the movement.

4. Gold Weekly Trade Ideas (Historical Performance Check& Projections)

Support at $1,825 And Resistance at $1,850 (Historical predicted on 14th December)

How it Performed – Breakout Caught and accurately predicted by our AI based giving a gain of 10% in the asset in 2 weeks of trading both sides as it broke the resistance and the support!!

Trade for the Future: 9th Jan to 23rd Jan 2021

  1. If the resistance at $1,880 is broken with large volume then BUY and have a take profit at levels of $1,950- potential profit of 4%-6%.
  2. If the Levels of $1,880 is not broken then SELL at $1,880 with a potential upside to $1,780 making approx. 5%-7% in profits.
  3. If the Support at $1,820 is broken then size up the SELL position until the index consolidates till $1,650-$1700 making it a potential 10-12% gain from the short at $1,820.

WRITTEN BY

Devnsh Khullar | Co-Founder, AiNALYTIX

Using the power of Artificial Intelligence and Quantum computing, AiNALYTIX (AiX) is able to provide various indicators and instruments, including their proprietary the Alpha Signal Generator (ASG), to generate a significant edge in the Cryptocurrency and Stock markets. 

WRITTEN BY

Devnsh Khullar | Co-Founder, AiNALYTIX

Using the power of Artificial Intelligence and Quantum computing, AiNALYTIX (AiX) is able to provide various indicators and instruments, including their proprietary the Alpha Signal Generator (ASG), to generate a significant edge in the Cryptocurrency and Stock markets. 

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