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Crypto SnippetJanuary 6, 2021

Crypto Snippet - January 2021

Neeraj Thakur
January 6, 2021
What's in this post?
    Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.

    Crypto Pair: ETH-USDT

    Date: 27th January 2021

    ETH has sharply reversed after touching ATH near 1500 USDT. One could look to Long above 1400 for a target of 1800 and 2100 USDT. Short below 20 DMA for a target of 1050 USDT.

    ETH USDT

    Trade ETH-USDT on Delta.


    Crypto Pair: ZEC-USDT

    Date: 25th January 2021

    DeFi coins have led the alts rally with AAVE and UNI hitting all time highs. Other Alts are likely to follow. One could look to LongZECabove 20 DMA at 95 for a target of 130 and 180 USDT with a SL below 80 USDT.

    ZEEC USDT

    Trade ZEC-USDT on Delta.


    Crypto Pair: BTC-USD

    Date: 20th January 2021

    BTC is moving around 20 DMA. Any potential breakdown from here may potentially lead to further correction to $24K-$26K range. One could look to short below 35000 for a target of $26K.

    Trade BTC-USD on Delta.


    Crypto Pair: LTC-USDT

    Date: 18th January 2021

    LTC - USDT

    Trade LTC-USDT on Delta.


    Crypto Pair: ETH-USDT

    Date: 15th January 2021

    ETH - USDT

    Trade ETH-USDT on Delta.


    Crypto Pair: BTC-USDT

    Date: 13th January 2021

    BTChas corrected ~25% from its parabolichigh at ~$42K. It has formed an H&S pattern with the head at $42K and shoulders at $36K. Short below $30K for the target of $24K and long above $36K for a new ATH.
    BTC - USDT
    Trade BTC-USDT on Delta.

    Crypto Pair: MOVE Options

    Date: 11th January 2021

    Realized volatility continues to be very high since the start of Dec 2020. One can look to long daily and weekly MOVE Options on Delta for long Vol. exposure. Also, for directional play, Put and Call Options provide a mean to high reward potential with limited risk.

    Bitcoin MOVE Options

    Trade MOVE Options on Delta.


    Crypto Pair: BAL-USDT

    Date: 8th January 2021

    BAL has a monthly resistance at 18 USDT. One could look to long on a successful breakout above 18 USDT for the targets of 24 and 36 USDT and a SL below 20 DMA.

    BAL-USDT

    Trade BAL-USDT on Delta.


    Crypto Pair: AVAX-USDT

    Date: 6th January 2021

    AVAX is trading near its monthly resistance at 4.5 USDT. One can potentially look to long above 4.5 USDT for a target of 6 USDT with a SL below 3.5 USDT.

    AVAX USDT

    Trade AVAX-USDT on Delta.


    Crypto Pair: REN-USDT

    Date: 4th January 2021

    Alts have caught up with BTC in the last couple of days. Laggards should lead the rally going ahead. REN has broken the crucial resistance of 0.35 USDT. Long with the target of 0.45 and 0.60 USDT with a SL below 0.30 USDT.

    REN USDT

    Trade REN-USDT on Delta.

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