Crypto Market Strategy – Weekly Research – 25 Jan 2021

Posted on January 25, 2021 in Articles, Investing, Market Movements
Crypto Market Strategy – Weekly Research –  25 Jan 2021
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Total Crypto Market Capitalization

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The overall performance of the digital assets market over the past week has fluctuated persistently, of many percentages per day, just as before. This also brings about changes in many markets. What we have to keep an eye on is the global overflowing monetary from a monetary injection with the economic growth has been slowed down and replaced by recession. What will it take to win the global risk assets? This year is set to show a clearer path. 

Crypto Compare

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Technical Signal Trading

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Bitcoin Strategy

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BTC has dropped off course from its resistance support at the price of 32,000 BTC /USD which propels many to sell at a high price, forming a long red candlestick that pulls down through the support. If the BTC peak has fallen by more than 30% amid the negative BTC news as investors fear heighten. However, this is replaced with positive news about institutions buy-in. Above all investors must carefully study information before deciding to invest.

Ethereum Strategy

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ETH has shown a strong swing and has taken off course 2 days later as it has flickered up again. This could be due to DeFi which made ETH popular and had people talking about it. However, we also need a strategy to plan well and act well. Our point of view remains the same as we should wait for the price pattern to form before looking at the results as the volatility decreases. 

Ripple Strategy

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XRP swings gently around the support line at the lower zone, while the RSI Indicator is still motionless. News about XRP lately has been quiet. However, the big picture of a downtrend still depresses prices slightly.

Litecoin Strategy

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LTC is moving similarly, BTC is swinging strongly and has fallen off course. We can see that the price patterns are being formed and volatility will gradually decrease. After that we can continue to consider what the trend is likely to be.

Gold Strategy

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The movement of gold started to be less vibrant as it continues to swing for a little longer. After that, we are set to see a long movement of gold as fund flows is set to change following on from inflation and QE and the impact towards commodity prices, or will the fund  flow into the stock market more so than the bond market.

Strategy from ZIPMEX

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Zipmex is not responsible for any investment decisions made based on the above analyses. All investors, please be aware that investments carry risks. Please use your own judgment in investing.